Reps. Rodgers, Guthrie, Griffith Urge Biden to Stop his Agenda to Kick 2.7 Million People Off Health Insurance Plans
House Energy and Commerce Committee Chair
"
"Despite once declaring that, 'excessive market concentration threatens basic economic liberties,'
"Health care markets too often suffer from anticompetitive behavior that makes care unaffordable. The federal government has no business making it worse, and the President should abandon his proposal.
"Americans are rightfully concerned about their health care costs as persistent inflation continues to strain family budgets. Rather than invoke politics of fear for more command and control,
"Regardless of what the President states today,
* * *
To: The Honorable
Dear Secretary Becerra:
On
A fair, open, and competitive marketplace has long been a cornerstone of the American economy, while excessive market concentration threatens basic economic liberties, democratic accountability, and the welfare of workers, farmers, small businesses, startups, and consumers./1
We agree with the premise that free enterprise advances individual liberty, a value we and our constituents hold dear. Particularly, when it comes to an issue as personal and important as a patient's health, the freedom of Americans to make care decisions that are best for themselves and their families--unobstructed by government--is critical to ensuring this basic tenet of American life is upheld.
Unfortunately, in the Notice of Benefit and Payment Parameters for 2024--the annual Obamacare rule--you proposed limiting the number of plan offerings that do not meet government-dictated specifications (known as "standardized plans") that an issuer may offer. By estimates the
The baffling justification offered by HHS for its proposal is that purchasers of Obamacare plans actually have too many choices, and therefore, the federal government must limit such choices to those it deems preferable. The assertion that too much competition is harmful directly contradicts
Furthermore, this proposal ignores the economic reality that more competition results in better prices for patients and families. In the early years of Obamacare's implementation, premiums were consistently higher and grew faster in markets with less competition than in markets with more competition./2,3 While the Secretary of the
During the
We strongly urge you to abandon this proposal immediately. We stand ready to work with you on advancing policies that increase competition and lower health care costs. Such policies could discourage provider consolidation or improve transparency of health care prices to empower individuals and employers when purchasing health care. Given the urgency of this request, please provide a response by
* * *
Footnotes:
1 Executive Order on
2 ACA Marketplace Premiums Grew More Rapidly In Areas With Monopoly Insurers Than In Areas With
3 Insurer Competition In Federally Run Marketplaces Is Associated With Lower Premiums | Health Affairs
4 PolitiFact | Lie of the Year: 'If you like your health care plan, you can keep it'
* * *
Original text here: https://energycommerce.house.gov/posts/chairs-rodgers-guthrie-and-griffith-urge-biden-to-stop-his-agenda-to-kick-2-7-million-people-off-health-insurance-plans-1


Enstar Group Limited Reports Fourth Quarter and 2022 Year End Results
AbsoluteCare Joins CareSource in Pursuit of Health Equity
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