Dozens of employer groups are urging lawmakers to pass the Lower Health Care Cost Act, saying the legislation is needed to help reduce rising medical costs for employees and employers.
In a letter filed to Congress this week, 61 groups–including the American Benefits Council, the ERISA Industry Committee, the National Business Group on Health and the National Alliance of Healthcare Purchaser Coalition–called for legislation that would take aim at surprise medical bills, prescription-drug costs, healthcare transparency and other issues.
“In 2019, Congress has a historic opportunity to lower healthcare costs, improve quality, and ensure fairness, competition and transparency in the healthcare system for all Americans,” they wrote. “This opportunity should not be squandered.”
The groups called for final legislation to “end the surprise medical billing crisis by enacting a local, market-based benchmark backstop.”
“Rather than a government-mandated binding-arbitration process that is opaque and will allow continued price-gouging of patients, Congress should protect patients from surprise billing in a way that will not increase premiums and total healthcare costs,” they wrote. “And patients should be protected not just once they get to the hospital, but also in the ambulance or air ambulance that takes them there.”
The call for help comes as employees voice concerns over medical bills they weren’t expecting and as employers grow frustrated over trying to manage rising healthcare costs.
Annual premiums for employer-sponsored family health coverage reached $19,616 in 2018, up 5% from the previous year, according to the Kaiser Family Foundation. Employees, on average, pay $5,547 per year toward the cost of their coverage.
“With significant support on both sides of the aisle, as well as in both chambers of Congress, the time is now to take meaningful steps to reduce healthcare costs,” the groups wrote. “Employers are at the forefront of innovation to improve healthcare quality and decrease costs. Final legislation should include provisions to enhance these efforts.”