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Past Event

Part One: Affordability and Effectiveness

Health Care Reconsidered: Options for Change a Two-Part Series on Health Care Policy

Health Care, U.S. Economy


Event Summary

The Hamilton Project at the Brookings Institution was launched last year to advance an economic strategy to restore America's promise of opportunity, prosperity and growth—and inject new policy options from leading thinkers across the country into the national economic debate. To further this mission the project has commissioned significant work in the area of health policy and will release two sets of papers this year.

Event Information

When

Tuesday, April 10, 2007
9:30 AM to 12:30 PM

Where

Falk Auditorium
The Brookings Institution
1775 Massachusetts Avenue, NW
Washington, DC 20036
Map

Event Materials

Contact: Brookings Office of Communications

E-mail: events@brookings.edu

Phone: 202.797.6105

On April 10, The Hamilton Project launched the first of the two-part series focusing on making health care more affordable while improving its effectiveness. A panel of experts from the business, labor and policy communities, including Andrew Stern, president of the Service Employees International Union (SEIU), and Ronald Williams, Aetna chairman, chief executive officer and president, addressed the challenges of providing affordable, quality health care in the United States.

A second panel highlighted three new discussion papers addressing key areas of health care reform. Proposals include improving the affordability of insurance and effectiveness of health spending through income-related cost sharing; policy options for fixing the Medicare prescription drug benefit, including simplifying consumer choice, improving benefit design and closing the gap or "donut hole" in coverage that consumers now face; and restructuring the financing of preventive health care services to promote health and improve efficiency. Robert E. Rubin, former treasury secretary and Hamilton Project advisory council member, provided opening remarks.

Event Multimedia:

Download full event audio » 

Event Materials:

The Promise of Progressive Cost Consciousness in Health-care Reform, by Jason Furman

Mending the Medicare Prescription Drug Benefit: Improving Consumer Choice and Restructuring Purchasing, by Richard G. Frank and Joseph P. Newhouse

A Wellness Trust to Prioritize Disease Prevention, by Jeanne M. Lambrew

Transcript

JASON FURMAN: Health insurance is of course meant to promote health and increase financial security and do it in an affordable manner. Right now it is not doing so for many people. Most dramatically, it is not doing it for the 45 million who do not have health insurance. It is also not promoting financial security for people who have policies that are called health insurance but do not, for example, cover chemotherapy, have unlimited out-of-pocket expenses, or pay only for five doctor's visits a year and nothing beyond that. Twenty-two percent of people in employer-sponsored insurance have plans with no out-of-pocket maximum that expose them to unlimited financial liability, and probably a larger percentage of people in the individual market do. Finally and most dramatically, health insurance is failing a lot of people on the grounds of affordability.

I think this challenge is so large that it defies one single explanation and defies one single solution.

Participants

Moderator

Henry J. Aaron

Senior Fellow, Economic Studies

Suzanne Nora Johnson

Goldman Sachs

Opening Remarks

Robert E. Rubin

Citigroup Inc.

Panelists

Andrew Stern

Service Employees International Union (SEIU)

Jason Furman

Senior Fellow, Economic Studies

Jeanne Lambrew

George Washington University and Center for American Progress

Joseph Newhouse

Harvard University

Richard Frank

Harvard University

Robert D. Reischauer

The Urban Institute

Ronald A. Williams

Chairman, CEO, and President, Aetna Inc.


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