Bill 118 hr 10409, also known as the "Health Care Affordability Act," aims to tackle the rising costs of health care services, prescription drugs, and health insurance coverage in the United States. The bill addresses several key issues in the healthcare system to make it more affordable and accessible for all Americans.
One of the main provisions of the bill is to increase transparency in healthcare pricing. This would require hospitals, doctors, and other healthcare providers to disclose the cost of their services upfront, allowing patients to make more informed decisions about their care. Additionally, the bill aims to lower the cost of prescription drugs by allowing Medicare to negotiate drug prices with pharmaceutical companies, which could result in significant savings for both patients and the government.
The Health Care Affordability Act also includes measures to expand access to affordable health insurance coverage. This includes increasing subsidies for low-income individuals and families to help them afford coverage, as well as expanding Medicaid eligibility in states that have not yet done so. The bill also aims to strengthen protections for individuals with pre-existing conditions, ensuring that they cannot be denied coverage or charged higher premiums.
Overall, the goal of Bill 118 hr 10409 is to make healthcare more affordable and accessible for all Americans. By addressing the high costs of health care services, prescription drugs, and health insurance coverage, the bill aims to improve the overall health and well-being of the population while also reducing the financial burden on individuals and families.