Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Employers demand urgent action to lower health care costs

September 10, 2024 | Education and Labor: House Committee, Standing Committees - House & Senate, Congressional Hearings Compilation, Legislative, Federal


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Employers demand urgent action to lower health care costs
During a recent government meeting, significant concerns regarding rising health care costs were highlighted by employers and stakeholders. The discussions underscored a pressing need for federal legislative solutions to foster a more competitive and transparent health care marketplace.

Employers expressed deep apprehension about escalating health care expenses, attributing these increases to a lack of transparency and competition within the industry. A striking 90% of voters with employer-sponsored coverage believe it is crucial for Congress to act this year to reduce these costs. The council emphasized support for initiatives aimed at enhancing cost transparency, particularly advocating for the Healthy Competition for Better Care Act, which aims to address the growing market power of large hospital systems that often impose higher prices and restrictive contracting practices.

Moreover, the council called for the approval of the Transparent Telehealth Bills Act, which seeks to eliminate the controversial practice of charging facility fees for telehealth appointments—a concern shared by voters, who oppose such charges by an overwhelming margin of 8 to 1.

As the nation marks the 50th anniversary of the Employee Retirement Income Security Act (ERISA), the message from employers, employees, and voters is clear: there is a strong demand for Congress to take decisive action to lower health care costs. The meeting concluded with a call for legislative measures that align with the uniformity provided by ERISA, emphasizing the ongoing importance of employer-sponsored health coverage in today’s economic landscape.

Don't Miss a Word: See the Full Meeting!

Go beyond summaries. Unlock every video, transcript, and key insight with a Founder Membership.

Get instant access to full meeting videos
Search and clip any phrase from complete transcripts
Receive AI-powered summaries & custom alerts
Enjoy lifetime, unrestricted access to government data
Access Full Meeting

30-day money-back guarantee