WASHINGTON, D.C. — U.S. Senator Tammy Baldwin (D-WI) joined her colleagues in introducing a bicameral bill to promote transparency in health care, crack down on anti-competitive practices, and remove restrictions preventing competition in health care markets.
The Healthy Competition for Better Care Act enables more group health plans and health insurance issuers to enter into agreements with providers that guide enrollees to high-value providers and provide incentives to encourage enrollees to seek higher-quality, lower cost care.
“No American should go broke to afford the health care they need. For too long, we have seen a lack of competition in our health insurance marketplace drive up costs for patients and limit their affordable options,” said Senator Baldwin. “Our legislation will crack down on big health system’s anti-competitive practices to increase transparency, cut costs, and connect more Wisconsinites with the quality care they need.”
The legislation was previously passed by the Senate Health, Education, Labor, and Pensions Committee in 2019. According to the Congressional Budget Office (CBO), policies that would ban these contracting terms would reduce premiums in the private insurance market and increase federal revenues by $1.1 Billion.
The Healthy Competition for Better Care Act will:
Joining Senator Baldwin in introducing this legislation are U.S. Representative Michelle Steel (R-CA) and U.S. Senator Mike Braun (R-IN).