Friday, May 14, 2010

Controlling Health Care Costs

Today the Senate Ways and Means Committee, of which I am a member, released S. 2437, “An Act To Promote Cost Containment, Transparency and Efficiency in the Provision of Quality Health Insurance for Individuals and Small Businesses”, setting the stage for the bill to be debated on Tuesday by the full Senate. I have worked collaboratively with Senate President Murray and Senator Richard Moore, the Senate Chair of the Joint Committee on Health Care Financing, to develop this bill to control the costs of health insurance for individuals and small businesses.

Rather than the unrealistic approach of preventing insurers from charging premium increases above an arbitrary limit, this bill contains provisions that will engage insurers and health care providers such as hospitals in aggressive efforts to control health care costs and premium charges.

A detailed summary of S. 2437 is posted below. Please click here to view the actual language of bill.

S.2437 Small Business Health Care