Health Care Reform Initiative: Medicare-X Choice Act of 2021

Bhs450 Discussion 4
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Bhs450 Discussion 4
The healthcare reform initiative is the Medicare-X Choice Act of 2021 (Medicare-X). Sens. Michael Bennet and Tim Kaine are pushing for the bill, which is meant to phase public option insurance into the nongroup and small-group markets. Medicare-X was first proposed in 2017 during the tenure of President Donald Trump, seeking to repeal the Affordable Care Act. The bill provides measures to reduce healthcare costs. It would achieve this by setting aside $10 billion annually for three years to form a national reinsurance program. This would minimize the insurer’s risk, covering the most expensive claims to lower premiums.
The initiative benefits millions of Americans who are uninsured or underinsured. It will reduce the number of uninsured individuals by 1.1 million (3...