GOP lawmakers are defending their burden-shift argument with House Budget Committee Chairman Paul Ryan's leadership on a reform strategy for Medicare. Why not give retirees vouchers to spend on private insurance in a public exchange, if it's going to save the system from bankruptcy?
It's not a new concept. Employers eye consumer-driven health options as a cost solution to mitigate obscenely rising premiums. But, as Mark Miller of Reuters notes, it's a change that not many employers are ready for.
And while the substantive cost savings is apparent, Miller also points out, the expenditure reduction reflects mainly the cost shift from plan sponsors to enrollees. But "Is there any evidence of lower utilization and prices?"
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
