FOR IMMEDIATE RELEASE
April 18, 2018
Contact: Dylan Dusseault
Business Initiative for Health Policy: Part E is close, but not far enough
While we laud any efforts by Congress to insure more Americans, Medicare for All is the only fiscally sustainable way to achieve universal health care.
Washington, DC – After today’s announcement by Senators Murphy and Merkley of the “Choose Medicare Act,” the Business Initiative for Health Policy (BIHP) continues to support “Medicare for All” as the best means of achieving universal health coverage in the U.S. While we laud any efforts by Congress to insure more Americans, Medicare for All is the only fiscally sustainable way to achieve universal health care. Medicare for All would free American businesses from the administrative burdens and rapidly growing costs of our health care system while providing all Americans with quality health care that won’t leave them bankrupt or in debt.
Health care costs now make up 18% of our nation’s gross domestic product, and health spending is expected to increase 5.5% every year before reaching $5.7 trillion in 2026. To rein in rapidly rising health care costs and the unbridled influence of insurance, drug, and other corporations in our health care system, we need Medicare for All’s broad reform, not incremental change. Medicare for All will benefit businesses and our economy and put patients before profits.
Dr. Carol Paris, President of Physicians for a National Health Program (PNHP) and Advisory Board member for BIHP said: “Medicare Part E may insure more people, but a public ‘buy in’ plan would not address the administrative complexity built into the private insurance system, and forego significant administrative savings available under a true Medicare for All plan”
Richard Master, the CEO of MCS Industries and the Founder of BIHP had similar thoughts “Senator Merkley is a co-sponsor on the Senate’s Medicare for All Bill, and I think his instinct was right. It’s much better to be having discussions about how to achieve universal coverage, instead of how many people are going to be kicked off their insurance plans, but without a doubt Medicare for All is the most efficient way to get there.”
Gabriel Levitt, the co-founder of Pharmacy Checker and Founder of Prescription Justice was particularly encouraged by one element of the bill: “I support the ethos of the Choose Medicare Act, and its decision to end the ban on Medicare negotiating drug prices, which has always been an insanely unpopular and expensive part of our healthcare system. I think more can be done in a true Medicare for All system, but am encouraged by the discussion on how we can achieve universal coverage”
About the Business Initiative for Health Policy
Business Initiative for Health Policy (BIHP) is a public education and advocacy campaign led and advised by CEO’s, other business leaders, economists, former health industry insiders, and health policy experts. The goal of the Business Initiative is to advance health policy solutions that 1) ensure the on going competitiveness of American business, 2) enhance economic growth and 3) provide full coverage for American citizens. Members of the Business Initiative for Health Policy believe that a healthy citizenry is a prerequisite to a stable and prosperous nation, and that the current structure of the health care and health care insurance industries is damaging American businesses and the economy.