ERIC Outlines Top Health Priorities for Congress in New Letter – InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Life Insurance
    • Annuity News
    • Health/Employee Benefits
    • Property and Casualty
    • Advisor News
    • Washington Wire
    • Regulation News
    • Sponsored Content
    • Webinars
    • Monthly Focus
  • INN Exclusives
  • NewsWires
  • Magazine
  • Free Newsletters
Sign in or register to be an INNsider.
  • INN Exclusives
  • NewsWires
  • Magazine
  • Free Newsletters
  • Insider
  • About
  • Advertise
  • Editorial Staff
  • Contact
  • Newsletters

Get Social

  • Facebook
  • Twitter
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 14, 2019 Newswires No comments
Share
Share
Tweet
Email

ERIC Outlines Top Health Priorities for Congress in New Letter

Targeted News Service (Press Releases)

WASHINGTON, March 13 -- The ERISA Industry Committee issued the following news release:

The ERISA Industry Committee (ERIC) submitted a letter to the U.S. Senate, Committee on Health, Education, Labor and Pensions on specific legislative solutions for reducing health care costs.

In the letter, ERIC outlined its top three priorities for the 116th Congress:

* Eliminating the ACA imposed a 40% "Cadillac" excise tax on high-cost employer-sponsored health insurance

* Eliminating surprise medical billing

* Addressing high prescription drug costs

ERIC, a leader in the fight against rising drug costs, suggested several ways to address the crisis, including:

* Ensuring changes to the rebate system reduce costs and preserve the ability to negotiate

* Addressing patent evergreening

* Banning abusive couponing

* Banning abusive practices such as pay-for-delay and misuse of patient safety protocols

* Easing value-based contracting for prescription drugs and devices

In addition to the three priority areas, ERIC also laid out other areas for bipartisan cooperation:

* Providing relief for health savings accounts (HSAs) and high deductible health plans (HDHPs)

* Providing clarity on wellness programs

* Preventing abuse by "Big Dialysis"

* Implementing value-driven innovations in Medicare

* Providing market stabilization and employer mandate relief

* Empowering states to address air ambulance issues

"The 116th Congress has the opportunity to make historic advances in the quality and cost reduction of health care in this country," said James Gelfand, Senior Vice President of Health Policy, ERIC." "ERIC believes by the addressing the changes we outlined in our letter, plan sponsors and their beneficiaries will save more than a trillion dollars and be able to make better decisions about their care through more transparent policies."

About the ERISA Industry Committee

The ERISA Industry Committee (ERIC) is the only national association that advocates exclusively for large employers on health, retirement, and compensation public policies at the state, federal, and local levels. Learn more at eric.org.

Older

AEP Texas Files Application to Securitize Distribution-Related Costs Associated With Hurricane Harvey and Other Storms

Newer

House Financial Services Committee Issues Testimony From National Wildlife Federation

Advisor News

  • ‘Spring Cleaning’ Includes Your Client’s Finances, Too
  • Retirement Savers Remain Confident Despite Short-Term Woes
  • City of Memphis Helps Employees With Financial Wellness Programs
  • IRI CEO: ‘I Am Optimistic for Our Industry’s Future’
  • 2/3 Of Near-Retirees Failed Or Barely Passed A Basic Social Security Quiz
More Advisor News

Annuity News

  • Nationwide To Pay $5.6M For Annuity Violations, NY Regulators Say
  • LibertyMark Freedom Fixed Indexed Annuities Launch
  • Nationwide Adds BNP Paribas Global H-Factor Index To FIA
  • Transamerica Launches Structured Index Advantage Annuity
  • Recommending FIAs: Start With The Client’s Objective
Sponsor
More Annuity News

Health/Employee Benefits News

  • Insurance execs and others weigh in on the industry’s critical talent gap
  • Medicaid Managed Care Bill Wins Approval Of Oklahoma Lawmakers
  • EBRI Studies Expanding Pre-Deductible Coverage For Chronic Conditions
  • Most Consumers Choose To Pay Higher LTCi Premiums
  • CMS Creates More User-Friendly Medicare Website
More Health/Employee Benefits News

Life Insurance

  • Industry Looks To Extend COVID-Related Life Insurance Sales Boom
  • The 5 Secrets To Retaining Financial Sales Professionals
  • Life Insurance Activity Continues Dip In April But Still Stronger Than 2021, MIB Reports
  • Transamerica Adds Execs To Annuity And Life Insurance Team
  • Northwestern Mutual Invests $5M In Black-Led Financial Institutions
More Life Insurance

- Presented By -

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

FEATURED OFFERS

Get Linked INN to your industry Connect with INN on LinkedIn to be first on all the news and insights that matter to your industry.

Press ReleasesAll press releases

  • OneAmerica Commits $1 Million Toward Financial Literacy
  • Transamerica Structured Index Advantage Annuity Offers Investors More Certainty with Upside Growth and Downside Protection
  • Senior Market Sales Creates First-of-Its-Kind Lead Acquisition Platform
  • Growing financial services firm Kuvare opens Des Moines office in East Village, continuing expansion in Iowa
  • BetterLife Selects iPipeline® to Digitally Transform Its Business & Better Serve Future Generations
Add your Press Release >

Topics

  • Life Insurance
  • Annuity News
  • Health/Employee Benefits
  • Property and Casualty
  • Advisor News
  • Washington Wire
  • Regulation News
  • Sponsored Content
  • Webinars
  • Monthly Focus

Top Sections

  • Life Insurance
  • Annuity News
  • Health/Employee Benefits News
  • Property and Casualty News
  • AdvisorNews
  • Washington Wire
  • Insurance Webinars

Our Company

  • About
  • Editorial Staff
  • Magazine
  • Write for INN
  • Advertise
  • Contact

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2022 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • Sitemap
  • AdvisorNews

Sign in with your INNsider Account

Not registered? Become an INNsider.