A Nebraska Congressman proposes legislation that will make it easier for consumers to know how much they are paying for medical care.
Congressman Jeff Fortenberry calls his legislation the “Know Before You Go” Act, calling it a model for the next generation, though it would work under current federal health care rules.
“But, even now as people are experiencing escalating deductibles and co-pays, being able to know the prices of goods before they actually shop in the medical establishment should help lower costs and save people money,” Fortenberry tells Nebraska Radio Network.
Fortenberry favors a transition away from the current health care model, dubbed Obamacare, into a different form of health care.
“And then in the future if we move to a new system of health care that is more centered on catastrophic insurance as well as health savings accounts, this is the driver if you will,” Fortenberry says.
Fortenberry estimates more than $100 billion is wasted annually due to inefficient allocation of resources.
The Congressman says the future of health care lies in three interlocking parts: affordable guaranteed access to catastrophic insurance, Health Savings Accounts, and a pricing mechanism that aids consumers in their choice of medical care.
Those who opposed President Barack Obama’s Affordable Care Act claimed it did nothing to lower the costs of health care. Fortenberry notes that while the president promised savings of more than $2,000 annually for the typical family, costs have actually risen both in the form of premiums paid as well as higher deductibles and co-pays.
Still, Fortenberry says his proposal would work even under the current system, though he says the ACA has created unsustainable government spending and escalating insurance costs, without a reform mechanism on the horizon.
Fortenberry hosted a forum on his proposal at Madonna Rehabilitation Hospital in Lincoln, listening to various comments and suggestions from medical professions as well as members of the public.
AUDIO: Brent Martin reports [:50]