Rupie Phillips: Less government, more competition will benefit health outcomes, bottom line in WV
In
That means we value the free market and support legislation that allows for competition. That is because we know that competition among businesses and other service providers improves the quality and affordability of our products.
That belief in the free market and the benefits of competition was evident in the discussion about Senate Bill 476. It is a bill that I supported, and it is a bill that passed the
It passed the
Since 2015, the
With the adoption of SB 476, West Virginians now can get Medicaid coverage through any insurance company that provides Medicaid coverage and applies to be able to provide coverage in
That's a big change from the state's previous practice of limiting competition among companies that provide Medicaid coverage, a practice that drove healthcare costs for the state up. As a fiscal conservative who takes his job of being a steward of the people's money very seriously, I found it imperative to support a bill that would save the state millions of dollars.
Medicaid is a huge part of the healthcare system in this state. About a third of the state's population, or around 600,000 people, rely on Medicaid for healthcare coverage. This is big money, and we need to keep an eye on costs to not only keep them from skyrocketing but to reduce when we can. This is one of the cases.
As a businessman, I know the importance of saving money. You can't run a business without being fiscally conservative. Government should run the same way. These are taxpayer dollars that we're spending, and we should make sure that we do everything we can to make sure that this money is spent wisely.
That is one reason why I supported this bill. Another reason is because competition improves quality of service, and this is no different in the Medicaid managed care system.
The previous system limited competition and stifled West Virginians' ability to obtain the coverage that best suited their and their families' needs. Whether that means going to a doctor that's closer to their house or finding the right specialist to treat their specific health condition, the
If we're paying money for a service, I want that service to operate in the most efficient and productive way possible. This law encourages that. This broader Medicaid managed care program will do more to help West Virginians stay healthy, care for their families, go to work, and pay their bills because they'll be able to get the coverage that best suits them while saving the state money.
I've lived in southern
Bio:


Medicaid work requirements would leave more low-income people without health insurance – but this policy is unlikely to pass this time around
CPI report live updates: Inflation dips to 4.9%; core consumer price gains stay elevated
Advisor News
- Can your advisory firm survive without you?
- I started using AI, but what now?
- How to support an entrepreneur client with multiple businesses
- Could a narrower focus help grow your practice?
- U.S. debt hits $40 trillion: how to support concerned clients
More Advisor NewsAnnuity News
- MassMutual Expands Lending Options With New Secured Credit Line
- Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
- Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
- IMOs get frustrated with slow carrier adoption of faster technology
- New class-action lawsuit targets Delaware Life over annuity disclosures
More Annuity NewsHealth/Employee Benefits News
- Benefit sustainability, affordability challenge employers
- Transparent Medicare Advantage guidance: Putting consumers first
- Legislators hear report on thin hospital margins, advance prior authorization reform
- Hawthorne School Budget Faces New Pressure As Health Insurance Costs Jump Nearly 34%
- Half the Coverage: What the TLC's Rideshare Insurance Cut Means for Queens Riders
More Health/Employee Benefits NewsLife Insurance News