I’ve just returned from our annual trip to Washington DC with my partner, Mike. As legislative co-chairs for the local chapter of the National Association of Health Underwriters (NAHU), we meet with other members of the industry and coordinate talking points to share with our respective congressional leaders as part of a NAHU event called Capitol Conference. This year, nearly 1000 professionals attended, as there are many issues that deserve our lawmakers’ attention.
I do not expect you to fully engage with many of our talking points-unless of course, you are a professional in the health care arena. Despite the granularity of the information, there are a few topics that you can/should discuss with peers at dinner parties, book clubs or other social engagements.
As stated by the chief legislative aid of one of our democratic representatives from the Chicago area, “Sometimes the more radical legislators work too hard for an outcome for which they don’t understand the negative repercussions that we all end up having to live with.” This comment was articulated as the discussion of single payer healthcare or “Medicare for all” was circulating around DC.
I will share a general list of talking points with you later; however, one issue worth addressing in greater detail is the Cadillac Tax. The following infographic gives a summary of the initial intent of the new tax and the ensuing unintended consequences if it is implemented (it’s currently delayed and congress is contemplating a permanent repeal). The Cadillac tax was just one of over 17 taxes initially proposed by the Affordable Care Act (ACA).
Following is a summary of the general talking points that we discussed. While there is much detail behind each bullet point, you can get an idea of the scope of work that needs to get done to keep us on the road to improvement.
Market Stabilizers to Reduce Cost and Improve Individual and Employer Market Risk Pools