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


Spend Your Individual Assistance Grant Wisely
Advisor News
- How student loan debt impacts 401(k) balances
- The ‘sandwich generation’ faces compounded barriers to retirement savings
- Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
- Why client insurance needs could change even if their life doesn’t
- Most Gen Z investors think less than a year ahead when making financial decisions
More Advisor NewsAnnuity News
- Oklahoma Insurance Dept. helps Oklahomans recover unclaimed life insurance benefits
- Bitcoin gains ground in retirement market with Equitable annuity option
- Best’s Special Report: First-Half 2026 Net Income in U.S. Life/Annuity Insurance Industry Dips Slightly
- The next phase of life insurance investing
- Ty J. Young Wealth Management Acquires Senior Insurance Services, Expanding Its Growing Annuity Firm: Ty J. Young Wealth Management
More Annuity NewsHealth/Employee Benefits News
Life Insurance News