June 2, 2015

WE ARE ALL THIRD WAY NOW:

Sen. Cassidy Plans Obamacare Alternative (Elizabeth Harrington, June 2, 2015, Washington Free Beacon)

Cassidy, a doctor who unseated Mary Landrieu (D., La.) last November, narrowly focused his bill to be a response to a ruling in favor of Burwell, which would take away subsidies in states that are operated by the federal exchange. Only 13 states operate their own health insurance marketplaces, since the $205 million Hawaii exchange announced it would fold and be taken over by the federal government.

The Patient Freedom Act would give states the option of keeping Obamacare by establishing a state-based exchange, or using existing funding to provide tax credits to create Health Savings Accounts (HSAs) for the uninsured, averaging $1,500 per person.

"We are trying to give the state an option other than setting up an Obamacare exchange," Cassidy said.

"The president, I'm sure, will make it easy [to set up a state exchange], because he wants his law to take root," he said. "If we don't have a better plan, it will take root."

If states chose Cassidy's option, they could do away with various mandates under Obamacare, including the individual and employer mandates and requirements for minimum essential coverage. The legislation would also equalize tax treatment, and require health providers to publish cash prices for services reimbursed from an HSA.

Price transparency would enable patients to know the price before booking an appointment for medical services such as a CAT scan, which Cassidy said can range between $100 and $2,500 depending on the time of day.

Forget the credits, just create the accounts and make the deposits.
Posted by at June 2, 2015 5:28 PM
  

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