Trump’s America First Healthcare Plan
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If re-elected, President Donald Trump plans to expand on the changes to health care that his administration has implemented. Further, many developments and plans impact those on Medicare. For a summary of some key points of Trump’s health care plan for 2021, keep reading.
Trump’s America First Healthcare Plan
President Trump released an executive order, describing an America First health care plan. First, the order outlines steps that the Trump administration has taken to achieve its primary health care goals. Putting patients first, offering more affordable drugs, and allowing people more choice in their health care are tenets of the Trump administration’s goals. The administration estimates over 40 million hours saved in four years. This refers to time providers have spent with their patients instead of their patients’ records.
In addition, President Trump states his priority for those with pre-existing conditions to get the coverage they want at an affordable price. For this purpose, access to both care and information is crucial.
The President orders continued reduction of fraud, waste, and abuse by the HHS Secretary and the CMS Administrator. Fraud, waste, and abuse account for extraneous spending and drive health care prices up.
Medicare Premiums in the Trump Administration
The President announced that Advantage plan premiums will be 34.2% lower next year than four years ago. This means that enrollees have saved over a billion dollars on premiums. Additionally, the average Part D premium has decreased by 13.5% in the past four years. President Trump states he wishes to continue to make these programs affordable.
Telehealth for Medicare Beneficiaries
In consideration of the global health crisis, the Trump Administration made telehealth services more accessible to beneficiaries. President Trump states that his administration will increase these services’ availability and accessibility, including in rural areas.
Steps to Eliminate Surprise Billing
In the order, the President addresses surprise billing. Surprise billing refers to bills that come from outside of the patient’s network, and sometimes are unavoidable. This often happens when someone is treated at a hospital within their network by an out-of-network provider.
For over a year, the administration has made attempts to stop this from happening. The President proposes including more providers in the same network as the hospitals to reduce these expenses. Further, he emphasizes the importance of information prior to care.
Hospital Compare Website Update for 2021
President Trump states that the Secretary of Health and Human Services will update the Medicare.gov Hospital Compare website within 180 days of his executive order.
Once it’s updated, people will be able to determine the following information:
- Whether a hospital complies with the Hospital Price Transparency Final Rule (amendment effective 01/01/2021)
- Whether patients receive an itemized receipt from the hospital upon discharge
- How frequently the hospital takes legal action against its patients
This intends to empower patients to make informed decisions about where to receive care.
More Affordable Generic Drugs and Insulin
Throughout the Trump administration, approval of generic drugs hit a record high. The Creating and Restoring Equal Access to Equivalent Samples Act was signed into law this year. The administration expects the act to save taxpayers $3.3 billion in ten years.
For the coming year, CMS offers prescription drug plans that include price-capped insulin to Medicare beneficiaries. The President also states the administration will lower Government payments to hospitals that overcharge for drugs. He says that this move will save Medicare beneficiaries hundreds of millions of dollars.