The Main Street Alliance looks at how setting a new medical loss ratio would impact the U.S. health care system.
According to a new study released by the
Judy Feder of the Center for American Progress writes that the current health reform bill will succeed in controlling and slowing the rate of health care cost growth. She points out that while the bill accomplishes many advances toward a more efficient and sustainable health care system, “effective cost containment is key”. To read the full article, click here.
In a letter to Majority Leader Harry Reid, the Congressional Budget Office (CBO) has estimated that the health reform package does not substantially differ from the prior analysis completed in December 2009. They project that the bill as passed by the Senate would yield a $118 billion net reduction in federal deficits over the next decade, compared to a net reduction of $132 billion projected by their previous estimate. (Click here to access the report.)