AHIP submitted testimony today to the House Ways & Means Committee showcasing the the success of MA plans in helping ensure beneficiaries receive high value, high quality care for beneficiaries as demonstrated by a review of government data as well as the ACA’s impact on MA beneficiaries. Continue reading
One of the goals of health care reform was to make coverage more affordable, but the more than $70 billion health insurance premium tax will have the opposite effect by increasing costs for families and employers across the country. Continue reading
AHIP’s Robert Zirkelbach issued the following statement on today’s CBO report: “This is the latest report to confirm that the current health care reform proposal fails to bend the health care cost curve and will result in double-digit premium increases for millions of Americans.” Highlights from the CBO report: Failure to bend the cost curve: The CBO analysis confirms that the current health care reform proposal does not bend the cost curve – a key goal of health care reform. [...]
“Politico, today reported on a report by the Congressional Budget Office related to the McCarran-Ferguson Act.” “Democrats pushing to roll back the insurance industry’s anti-trust exemption suffered a blow from a new Congressional Budget Office analysis that says the move “would have no significant effect on the premiums that private insurers would charge for health insurance.” The CBO analyzed the bill passed last week by the House Judiciary Committee.” “The CBO analysis undercuts Democrats’ main argument for revoking the exemption, [...]
Doug Elmendorf, Director of the Congressional Budget Office – “More generally in health care reform, when people talk about public plans competing with private plans, I think designing a system in which a public plan could compete on a level playing field is extremely difficult.”[i] [i] Testimony to the House Financial Services Committee, Doug Elmendorf, March 10, 2009.
Watch below what CBO Director Doug Elmendorf says when asked whether new taxes would lead to higher premiums:
The Congressional Budget Office just released its analysis of the Senate Finance Committee mark. Click here to read the full analysis. Below are some key excerpts: According to CBO and JCT’s assessment, enacting the Chairman’s proposal would result in a net reduction in federal budget deficits of $49 billion over the 2010-2019 period. Under the proposal, the share of legal nonelderly residents with insurance coverage would rise from about 83 percent currently to about 94 percent.
From The New York Times: “The government-run health plan is among the components of the health care legislation that Mr. Elmendorf suggested did not have sufficient muscle to slow the federal spending on health care, which he called ‘unsustainable.’” (The New York Times, July 17, 2009)
The Congressional Budget Office (CBO) released a report today examining how changes to the health care system could affect labor markets. For the full report, click here.