In the first
For years one of Obamacareโs lead critics, Price at least admitted that the Affordable Care Act has succeeded in getting more people health care coverage. But he protested that some of those people โhave coverage, but they donโt have care,โ criticizing high deductibles and high premiums for some consumers, as well as the effectiveness of the Medicaid program for the poor and near-poor. At one point, Price even indicated that a GOP replacement plan would cover more people than Obamacare has. โI am committed to making sure every single American has the coverage that they want,โ he pledged over and over.
So what is the plan to cover more people, lower premiums, lower deductibles, lower health care costs, increase consumer choice and improve health care outcomes? Price offered little beyond gauzy promises. In fact, none of the major Republican Obamacare replacement plans on the table, including the proposals Price introduced, would have done all of these things. GOP reformers have generally stressed loosening coverage requirements to lower premiums and slimming subsidies in order to cut federal spending. But health care experts warn that the trade-offs are likely to be higher, not lower, deductibles, fewer needy people finding coverage that meets their needs and fewer people getting insurance at all.
Similarly, Price promised to โmake sure nobody falls through the cracksโ after repeal and replace. He pointed out that previous Republican reform proposals would have invested in high-risk pools catering to the sick people who insurance companies wonโt willingly touch. But experts warn that these GOP plans provided far too little funding for high-risk pools, which have not worked as great backstops for needy people in the past.
Price also did not eliminate concerns about the $300,000 worth of health care stock trading he did over the past four years while he was a congressional leader crafting health care policy. Sen. Al Franken, D-Minn., homed in on a private deal that allowed Price to buy one health care companyโs stock at a discount. Sen. Elizabeth Warren, D-Mass., asked why Price kept advocating certain policies after he found out he owned stock in companies that would benefit from them. Priceโs general defense โ that his broker was responsible for trading his portfolio and that he followed House ethics rules โ did not settle these questions.
In his next hearing, before the Senate Finance Committee next week, Price will have to offer better than unsubstantiated assurances about repeal and replace. Meantime, senators should continue to scrutinize his ethical history.
The Washington Post
