Advocacy News – March 23, 2021
“Medicare for All” legislation was recently introduced by U.S. House. The MI Chamber, along with the U.S. Chamber and other state and national business organizations, oppose the proposal because it would eliminate the private insurance coverage that more than 180 million Americans depend on for their healthcare needs.
The legislation would implement a highly disruptive single-payer plan, under which employer-sponsored insurance would be dismantled and eliminated.
A recent analysis on the impact of Medicare for All underscores how disruptive such a sweeping change would be for consumers. A single-payer system will lead to:
· Higher out-of-pocket costs and premiums for millions of American and employees;
· A reduction in access to providers and hospitals, and;
· A chilling effect on medical innovation that has been so fundamental to our nation’s response to COVID-19.
Contact Wendy Block with any questions you may have at wblock@michamber.com.