Omnibus Spending Bill Will Drive Up Health Care Costs (Guest: Brian Blase)
Galen Institute and Heritage Foundation Scholar Brian Blase says the Omnibus bill is a lost opportunity to control Obamacare’s runaway costs. Worse, it eliminates a revenue stream to fund the program, the Cadillac tax on higher cost employer health plans.
President Trump is expected to sign the $1.5 trillion omnibus bill that will fund government spending for the remainder of fiscal year 2020. Brian Blase, of the Galen Institute and Heritage Foundation says this was a lost opportunity for lawmakers to reign in some of the biggest cost drivers of health care. The bill eliminates the tax on “Cadillac” health insurance plans, which will open the door for wasteful health care spending, and does nothing to address abuse of Medicaid expansion programs and ties the Administration’s hands from doing anything to stop insurers from gaming Obamacare’s subsidy formula.