House Budget Committee Republicans Launch Healthcare Task Force
On Friday, August 25, House Budget Committee Chairman Jodey Arrington (R-TX) and Budget Committee Member Rep. Michael C. Burgess, M.D. (R-TX) announced the formation of a new Budget Committee Health Care Task Force, which will be led by Rep. Burgess.
Motivated by the recent U.S. credit downgrade and the increasing burden of healthcare costs, the goal of this Task Force is to find solutions to reduce healthcare spending, examine opportunities to modernize and personalize the healthcare system, and support policies to fuel innovation and increase patient access to quality and affordable care.
The Task Force issued a request for information (RFI) to solicit feedback from stakeholders on solutions to improve outcomes and reduce federal healthcare spending in the budget. Responses are due by October 15, 2023.
It is important to note that this Task Force is comprised of only Republican members, thereby limiting the chance of meaningful legislative reforms.
In an opinion piece published by The Hill, Chairman Arrington and Rep. Burgess quoted a Kaiser Family Foundation report that stated nearly one-third of federal government spending this year will be on health care, which is projected to grow from $1.9 trillion to over $3.4 trillion by 2033. Furthermore, with the growth of baby boomers retiring, annual Medicare spending alone has already surpassed spending on national defense, and by 2033, is projected to more than double to $1.7 trillion. The Task Force will seek input from independent experts and stakeholders on how to build on what is working in healthcare and fix what is broken.
The Task Force will further “serve as a forum for developing and modeling legislation to improve spending efficiency, returns on federal investments, and an overall more cost-effective health care system.” This could include payment model reforms that reward value-based care and reimbursement based on improving quality and clinical outcomes in place of traditional fee-for-service payments.
Finally, the Task Force will examine the Congressional Budget Office’s (CBO) capabilities to forecast the longer-term budgetary impacts of legislation to ensure policymakers are equipped with the best data when crafting solutions.
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