"When large health systems engage in anticompetitive practices that restrict transparency, reduce choices, and drive up health care costs, we should do something about it," said
"Since I've come to
* Allow discounts or incentives for enrollees who choose high-quality and low-cost providers;
* Allow insurers and employers to contract with the right hospitals and providers for their patients, without requirements to enter into additional contracts with other affiliated providers or hospitals;
* Allow health insurance issuers to negotiate their own rates with other providers who are not party to the contract of the provider involved
* Allow hospitals and issuers to freely negotiate prices, without requirements to pay higher amounts for items or services than other issuers have agreed to
The bill includes exceptions for certain group model issuers, including health maintenance organizations, and value-based network arrangement, such as an exclusive provider network or accountable care organization.
The bipartisan legislation also has widespread support from health, family and business advocates.
"In order for health care to work like other markets, employers need to be able to move business to providers that deliver good care at lower prices," said
"The only way to lower health care costs effectively is by addressing the root causes of rising prices - including anti-competitive contracting that stifle choice and competition," said
"This legislation is a great step forward in addressing the dysfunctional hospital contracting market that is exasperated by consolidation," said
"NAIFA applauds the bipartisan leadership of Senators Baldwin and Braun to improve patient choice and reduce costs for consumers, and urges
"Most health markets are highly concentrated, with mergers and acquisitions increasing at an alarming rate.
Read more about this legislation here: https://pressofficeofsenatormikebraunin.cmail20.com/t/t-i-cdjuukt-l-r/
View full bill text here: https://pressofficeofsenatormikebraunin.cmail20.com/t/t-i-cdjuukt-l-y/