- President Obama Issues White House Reform Measures in Anticipation of Healthcare Summit
- March 2, 2010 | Author: Adam Robison
- Law Firm: King & Spalding LLP - Houston Office
Today, President Obama issued the White House’s healthcare reform proposal in anticipation of the healthcare summit to take place this Thursday, February 25, 2010, at Blair House.
The President’s proposal reportedly “bridges gaps” between the House and Senate health reform bills and includes additional provisions to prevent waste, fraud and abuse. According to the proposal, the following are key distinctions between the proposal and the House and Senate health reform bills:
- Eliminates the Nebraska FMAP provision and provides significant additional Federal financing to all States for the expansion of Medicaid;
- Closes the Medicare prescription drug “donut hole” coverage gap;
- Strengthens the Senate bill’s provisions that make insurance affordable for individuals and families;
- Strengthens the provisions to fight fraud, waste and abuse in Medicare and Medicaid;
- Increases the threshold for the excise tax on the most expensive health plans from $23,000 for a family plan to $27,500 and starting it in 2018 for all plans; and
- Improves insurance protections for consumers and creating a new Health Insurance Rate Authority to provide Federal assistance and oversight to States in conducting reviews of unreasonable rate increases and other unfair practices of insurance plans.