Our Statement in Opposition to Graham-Cassidy Health Care Bill
The latest version of health care legislation before the
The bill known as Graham-Cassidy contains some new elements, such as provisions that give state governments more authority over health care financing and consumer protections. But the basic problems with the previous versions in the
Most importantly, this bill doesn't even begin to address the biggest problems with the American health care system, starting with the fact that our health care system still fails to provide consumers with an acceptable value proposition.
To get to a health care system that delivers value for consumers, we need to start holding the health care industry to a higher standard on cost and quality; we need to reform a broken pharmaceutical development system that's leading to skyrocketing drug costs; we need to invest in prevention and empower patients to keep themselves healthy and out of the hospital. This legislation does none of these things, and should be rejected.
Although providing states with flexibility to design their own health care financing systems could in theory open opportunities for states to pursue efforts to improve the value proposition of health care, tying this flexibility to massive budget cuts and an unrealistically short implementation timetable for states--only two years to overhaul 1/6 of the economy--is far more likely to lead to chaos than to productive policymaking. In the chaos caused by this legislation, experts predict that premiums will go up even further and health insurers may exit markets. The health care system as a whole will be in an even worse position to make the changes American consumers desperately need.
We urge the


OPINION: Does Rauner’s abortion decision mean he won’t run again?
Spend Your Individual Assistance Grant Wisely
Advisor News
- House panel advances CLEAR Forms Act backed by IRI
- Modifying life insurance based on evolving needs
- Gen X faces ‘pension envy’ as they head into retirement
- Your client wants to cash out an annuity. Here’s what to consider
- How student loan debt impacts 401(k) balances
More Advisor NewsAnnuity News
- A-Cap strikes back with lawsuit accusing SC regulators of sloppy process, leaking secrets
- AM Best to Discuss Its Views on Private Credit Surge and Risks at 2026 NAIC/NIPR Insurance Summit
- OID recovers $260M in life insurance benefits
- NUNN BILLS TO COMBAT PAYMENT SCAMS, CUT FINANCIAL RED TAPE PASS FINANCIAL SERVICES COMMITTEE
- SS&C Black Diamond Expands Annuities & Insurance Marketplace with New Insurance Capabilities and Carriers
More Annuity NewsHealth/Employee Benefits News
Life Insurance News