Make It A Trifecta
Following up on critiques from my last two newsletters, now we have much more proof this week that conservatives have an abundance of concepts to sort out well being reform…
Home Republicans held three hearings on Wednesday about dozens of initiatives to restore competitors, client selection, and sanity to our well being sector.
Just a few highlights:
- hearing on reducing prices and rising transparency and competitors in well being care.
Chaired by Rep. Brett Guthrie, the committee heard testimony for 5 hours, getting suggestions on 17 payments.
“Republicans and Democrats on this committee are reaching throughout the aisle to advance options, and these bipartisan efforts may be seen in a lot of proposals earlier than us immediately,” Rep. Guthrie stated in his opening statement.
“Transparency can reveal the true worth of every step within the well being care provide chain and empower sufferers and employers to get the perfect deal on top quality care. Lots of the proposals earlier than the subcommittee immediately will shine a lightweight on prescription drug middlemen and additional polices to make the well being care system extra aggressive to decrease prices,” he stated.
The payments would, for instance, implement the necessities for hospitals and well being plans to supply customers with correct and comprehensible info on well being care costs; tackle consolidation in well being techniques that’s driving up prices by driving out competitors; and cease hospitals from charging as much as 4 instances as a lot for companies delivered in a health care provider’s workplace simply because a hospital now owns the apply.
- Reducing Health Care Costs for Working Americans and Their Families.”
Chairman Bob Good provided “a imaginative and prescient for free-market well being care reform that gives Individuals much-needed reduction. As a nation, we can not accept lower than American exceptionalism. And we can not flip to socialist international locations for well being care recommendation. We have to hearken to the American folks.” He stated the committee would concentrate on leveling the enjoying discipline so employers can proceed to supply protection.
Our good friend Joel White of the Council for Reasonably priced Well being Protection explained in his testimony how Congress could make personal well being protection extra inexpensive for employers and their staff.
“Employers are the most important supply of protection within the US, representing greater than half of all coated lives,” Joel testified. “Staff love their well being advantages, and, in keeping with our current polling, need Congress to strengthen their well being protection.
“Sadly, insurance policies adopted within the final decade, along with rising well being prices, inflation, a good labor market, regulatory pink tape, and taxes, make it tough if not unattainable for companies of all sizes to supply inexpensive protection. Worse, some in Congress need to take away personal employer insurance coverage.”
He highlighted a slate of legislative initiatives to permit 4 million small enterprise to affix collectively for a greater deal through Affiliation Well being Plans, develop entry to telehealth, and shield self-funding choices for employers.
- tax-exempt hospitals and whether or not they present sufficient charity care to justify their multi-billion greenback tax exemptions.
Chairman David Schweikert stated proof exhibits “important deficits in neighborhood advantages supplied as in comparison with the worth of some hospitals’ tax exemption.” The exemption is price, by some estimates$28 billion a 12 months.
Ge Bai of Johns Hopkins College College of Public Well being and likewise a CPA explained in her testimony how reporting necessities for non-profit hospitals could possibly be strengthened to extra precisely replicate their charitable actions.
“The proposed disclosure of taxpayer subsidies has the potential to permit stakeholders and policymakers the flexibleness to know, design, and check other ways of encouraging tax-exempt hospitals to supply significant neighborhood advantages,” she stated.
These actions and initiatives provided by conservatives are solely a style of the various proposals in each homes of Congress to sort out the myriad points to revive a correctly functioning well being sector within the U.S. It’s a refreshing pivot from listening to after listening to within the final Congress on methods to develop authorities management over our well being sector.