Six Reasons Why House Health Reform Bill will Reduce Costs
1. The Congressional Budget Office says the House health reform bill will reduce the federal deficit by over $100 billion in first 10 years.
2. This bill shows an unprecedented degree of fiscal responsibility. Compare this to the Medicare Part D drug program passed several years ago. The costs of Medicare Part D were not even considered to be offset by cutting waste and finding new revenue – the full cost was simply added to the federal deficit.
3. We know that without action costs will continue to rise as will the number of uninsured. This will undermine our hospitals and other providers and force ever-increasing uncompensated care costs back onto private employers.
4. The bill also sets up changes in Medicare payment to move away from fee-for-service, and empowers Health and Human Services to move to widespread implementation of successful payment reform experiments to improve the quality and effectiveness of care while reducing costs.
5. The bill gives more power than the Senate Finance bill to the health insurance exchange where people without insurance through their employer can choose from a variety of health plans. The exchange will be able to negotiate with health plans for lower prices and better benefit packages.
6. Doing nothing is not an option. We must move forward on health reform – there are too many people hurting in North Carolina and around the country right now to continue to wait.