February 7, 2016
How would Health Care Costs be Affected if the Act becomes Law?
The administration of the current system of “utilization review” and pre-authorization would cease, saving billions. Delays in treatment caused by the current system would disappear, eliminating the complications and increased costs that currently result from such delays. The money currently wasted by delaying care and the litigation costs resulting from denying care would be eliminated.
People would live longer less sick lives, allowing them to pay into the system longer and resulting in the payments to expense ratio to increase, making the cost per year lived less.