Rep. Bob Onder on Lower Healthcare Premiums for All Americans Act

The Lower Healthcare Premiums for All Americans Act

• 🎯 The bill, H.R.6703, aims to deliver lower costs for Americans by increasing competition and choice in healthcare.
• 💡 A key component is the Self-Insurance Protection Act, which ensures employers who self-insure can retain access to stop-loss insurance.
• ⚠️ This is crucial for protecting self-insured employers against catastrophic claims, as some states have attempted to regulate stop-loss insurance out of existence.

Expanding Healthcare Options

• 🚀 The act will expand access to association health plans (AHPs), which allow employers to pool resources to negotiate better coverage.
• 📈 The first Trump administration expanded AHPs, resulting in a 26% cost reduction.
• 🛒 This model could enable large retailers like Costco or Sam's to offer their own revolutionary low-cost health insurance plans.

Physician's Perspective on Competition

• 🩺 As a physician, Rep. Onder has witnessed firsthand how increasing competition and choice directly leads to lower healthcare costs.
• ✅ The Lower Healthcare Premiums for All Americans Act is projected to lower Obamacare premiums by 11%.
• 📊 The bill is expected to benefit the 78% of Americans who receive insurance through their employer.