House Republicans Unveil $700B Healthcare Plan

Repeated from Benton Co. Republicans July 31 Newsletter - House Republicans Unveil $700B Healthcare Plan
“We are introducing this bill because we support health care reform, but in a way that empowers patients.” This bill gives GOP lawmakers a positive plan to point to when they go home for the congressional August break.

The GOP plan was drafted by Rep. Tom Price, R-GA, a physician. It avoids expanding the federal role in overseeing the health insurance industry. Unlike Dem proposals, it would not set up new federally regulated purchasing pools for individuals and small businesses. Instead, it would allow individuals to use the Internet to purchase lower-cost coverage available anywhere in the country.

The plan would offer tax deductions and tax credits to help make the purchase of health insurance more affordable for individuals. States, associations and small businesses would be allowed to pool together to offer less expensive insurance coverage. It would provide grants to states to help set up high-risk pools for people with medical problems who are denied coverage by commercial insurers. And it would allow employers to automatically sign workers up for the company’s coverage—similar to what’s done with 401 (k) retirement plans.

The GOP will would take on medical malpractice, limiting jury awards for pain and suffering and creating new health courts in which a specially trained judge would hear and decide cases involving medical negligence.

Republicans say their plan is fully paid for, but it hasn’t been assessed yet by the Congressional Budget Office, the official scorekeeper for the costs of legislation.

It’s unclear how far the plan would go in reducing the number of uninsured. Most independent analysts—and the insurance industry—say some sort of requirement to purchase insurance is needed to ensure coverage. Rep. Roy Blunt (R-MO) said “we believe we can come up with a plan where every person in the uninsured has access to insurance.”