The House Republican Study Committee's new budget proposal, which was released last month, offers fresh proof that the GOP hasn't given up on sensible health reform.
Democrats have launched an all-out campaign to discredit the agenda. The Biden White House says that the RSC's ideas "risk returning to a time when individuals could be denied coverage due to pre-existing conditions or charged exorbitant premiums." Indeed, 1% of the population aged 18-64 accounts for 25% of the country's health spending. Healthcare expenditures for those adults in the bottom half of the distribution add up to just 3% of the country's total health bill.
Indeed, by removing particularly high-cost patients from the traditional insurance pools, the reform would bring down premiums for healthier patients while focusing federal and state assistance on the patients who genuinely need it. It would replace the program's current funding model, which gives states at least one dollar for every dollar they spend on the entitlement, with a system of federal block grants that states could largely spend to achieve Medicaid's aims as they see fit.
Unlike previous Republican Study Committee budget proposals, this new one does not include a plan to raise Medicare's eligibility age.
Source: Financial Digest (financialdigest.net)
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