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Medicare X Fails to Fix What’s Broken in Healthcare

Wednesday, April 03
Shutterstock | Phil Pasquini

For Immediate Release
April 3rd, 2019
Contact: Dylan Dusseault
dylan@businessinitiative.org
202-559-1992
www.businessinitiative.org 

Medicare X Fails to Fix What’s Broken in Healthcare

“Medicare X offers no relief for employers and workers drowning under the cost of commercial insurance premiums” 

Washington, DC— The Business Initiative for Health Policy (BIHP) reacted today to the announcement that Senators Tim Kaine (D-VA) and Michael Bennet (D-CO) are reintroducing their “Medicare X” proposal, a public option that will become gradually available to Americans across the country through the individual and small business marketplaces created by the Affordable Care Act.

Senators Bennet and Kaine have recognized that the profit incentives and administrative waste are adding enormous cost to the healthcare system, but by offering up their plan as an “alternative” to Medicare for All, are failing to see what our healthcare system and economy really need.

“Medicare X offers no relief for employers and workers drowning under the cost of commercial insurance premiums” Said Richard Master, CEO of MCS Frames and Chairman of BIHP, “By leaving the employer-sponsored insurance system essentially untouched, they would keep in place a fractured, inefficient healthcare supply chain that adds enormous costs that American business can’t keep bearing. Medicare for All is bold, but it’s also the only reasonable way to fix our healthcare system.”

“The most we could hope for with Medicare X is a mild increase in the insured rate.” Said Wendell Potter, President of BIHP“It wouldn’t fix the employer-sponsored system, which is the largest driver of the growing underinsured rate, it wouldn’t guarantee universal coverage, and it would maintain the massive dead-weight of the commercial insurance system. Now is not the time for timidity. We need bold political leadership that will fight for Medicare for All.” 

For follow up or to schedule an interview, please contact Dylan Dusseault at dylan@businessinitiative.org or at 202-559-1992. 

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About the Business Initiative for Health Policy

The Business Initiative for Health Policy is a public education and advocacy effort focused on advancing the business and economic rationale for adopting a Medicare for All system in the United States.

BIHP believe the current profit-driven healthcare system poses an existential threat to American business, and that its continuation will threaten profits for business owners, adversely affect innovation and entrepreneurialism, depress wages for millions of working Americans, and hamper international competitiveness, and that a Medicare for All system is the only economically sustainable way to design a universal healthcare system.
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