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TOWARD AFFORDABLE HEALTH CARE: Prescriptions for Today
March 31, 2003
Ronald Reagan Building & International Trade Center
1300 Pennsylvania Avenue, NW
Washington, DC

In a daylong symposium yesterday in Washington, DC, consumerism was the overriding solution to the top health care affordability challenges in America. Among the issues addressed at Toward Affordable Health Care: Prescriptions for Today were refundable tax credits, expansion of Medical Savings Accounts (MSAs) and repeal of state mandates and rating restrictions.

A variety of policy leaders, executives from the health care industry and related non-profit organizations throughout the country convened at the Ronald Reagan Building and International Trade Center to discuss specific solutions that impact affordability. Most experts agreed that involving the consumer as a central player in the health care system is the most critical, common component of the solutions proposed. 

In the day’s concluding address, Sec. Tommy G. Thompson commented that, using President Bush’s proposed $89 billion, tax credits could be offered to help uninsured individuals and families purchase health insurance - $1,500 for singles and $3,500 for couples. Thompson noted that his solution could allow “half to 70 percent” of the uninsured to obtain coverage. Regarding state government mandates, the Secretary noted that such requirements “obviously make insurance more expensive.”

Thompson’s views on mandates were echoed in comments made earlier in the day by Mike Pickens, president of the National Association of Insurance Commissioners (NAIC).

“Consumerism will only work if Americans are empowered and informed,” said Ben Cutler, Chairman of Fortis Health and Chairman of Health Insurance Association of America. “Through solutions such as MSA expansion, refundable tax credits and other market-driven choices, consumers will become more involved in their health care decision-making.” He adds that leaders present at the symposium are committed to a variety of solutions as a top priority.

Moderated by

Fred Barnes
Executive Editor, The Weekly Standard

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