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H R 3 Could Save Patients Thousands of Dollars on Prescription Drugs - Center for American Progress
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STATEMENT: Ruling in Frivolous ACA Case Should Cement the Law s Future and Shift Focus to Improving Health Care
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An effective public option that has lower premiums than private plans and saves consumers money would need to pay providers less, according to two analyses published this week, a fact that presents political challenges for a Congress that often fails to take on the healthcare industry.
The public option would need to set provider rates like Medicare does and require provider participation, argues an analysis by Matthew Fiedler, a fellow in economic studies at the USC-Brookings Schaeffer Initiative for Health Policy. The main way a public option could reduce premiums is by paying providers less, Fiedler said. It s absolutely true that paying providers less is politically controversial but it s also unavailable if the goal is to spend less on healthcare.
RELEASE: New Brief Spotlights How Public Health Insurance Options Can Advance Health Equity
Date: May 5, 2021
Contact: Colin Seeberger
Washington, D.C. Today, the Center for American Progress released a new issue brief that looks at how public health insurance options and other similar measures can advance health equity by lowering health care costs, increasing competition, and reinvesting savings in equity initiatives. The brief is particularly timely in light of the COVID-19 pandemic, which has exacerbated preexisting health inequities by disproportionately infecting and taking the lives of people of color and low-income people in the United States. It also comes as more than a half dozen states across the country are implementing, studying, or considering adopting public option plans or similar reforms.
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