Coverage and cost effects of senators Bennet and Kaine’s Medicare-X Choice Act of 2021

Coverage and cost effects of senators Bennet and Kaine’s Medicare-X Choice Act of 2021

Collection:
Health Policy and Services Research
Author(s):
Holahan, John, author
Simpson, Michael, (Of Urban Institute), author
Contributor(s):
Health Policy Center (Urban Institute), issuing body.
Urban Institute, issuing body.
Publication:
Washington, DC : Urban Institute, September 2022
Language(s):
English
Format:
Text
Subject(s):
Health Policy
Insurance, Health -- legislation & jurisprudence
Medicare -- economics
Medicare -- legislation & jurisprudence
Medicare -- statistics & numerical data
United States
Genre(s):
Technical Report
Abstract:
Senators Michael Bennet and Tim Kaine have introduced a bill called the Medicare-X Choice Act of 2021 (Medicare-X) that would phase in a public option insurance plan into the nongroup and small-group markets. Their proposal is a response to high premiums in areas with considerable insurer or provider concentration. Although national average Affordable Care Act Marketplace premiums have declined over the past four years, the benefits of competition in the Marketplace do not extend to all rating regions and states. Research has shown that premiums are substantially higher in concentrated markets than they are in markets with robust competition. High premiums increase the cost of federal subsidies and reduce health insurance coverage rates.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY-NC-DC license. (More information)
Extent:
1 online resource (1 PDF file (17 pages))
NLM Unique ID:
9918503478206676 (See catalog record)
Permanent Link:
http://resource.nlm.nih.gov/9918503478206676