Roy proposes Obamacare alternative as one of first priorities in GOP trifecta – Washington Examiner
Roy proposes sweeping healthcare changes as one of first priorities in GOP trifecta
EXCLUSIVE — Healthcare insurance plans could undergo major changes under the incoming Trump administration thanks to a new bill being introduced this week seeking to reform health savings accounts.
Rep. Chip Roy (R-TX) introduced the Healthcare Freedom Act on Thursday seeking to reform the healthcare system by expanding health savings accounts to broaden coverage for U.S. taxpayers and “give Americans the quality of care they deserve.”
“America’s healthcare system needs disruption,” Roy said in a statement. “For too long we have enabled the decisions of government bureaucrats and massive corporations over those of American patients and their doctors. This country deserves better, and Congress needs to put the American people back in control. With the Healthcare Freedom Act, and its massive expansion of Health Savings Accounts (HSAs), we can slash through the bureaucracy, lower costs, and give Americans the quality of care they deserve.”
Roy has previously introduced similar legislation, calling for changes to the healthcare system to allow patients to opt out of the current system and cut out insurance middlemen. Roy has pushed to use his Healthcare Freedom Act as a “core component” of a broader “bold agenda” to reform the healthcare system and replace proponents of the Affordable Care Act, known as Obamacare, that was implemented in 2010.
The bill would rename health savings accounts to “Health Freedom Accounts” and allow any customer with the account to decouple their health savings from insurance requirements, according to legislative text first shared with the Washington Examiner.
Specifically, the bill would increase annual contributions for individuals from $4,300 to $12,000 and from $8,550 to $24,000 for a joint return. It would also increase the catch-up contribution limit from $1,000 to $5,000 for those 55 and older.
Additionally, the bill would allow tax-free withdrawals for purchases and payments to insurance and any associated costs, direct primary care arrangements, prescriptions and over-the-counter medications, and other medical costs. It would also allow for penalty-free rollover contributions between health savings accounts.
By doing so, Roy said it would make health savings accounts more available by increasing contribution limits and allowing tax-free growth.
The bill would also allow customers to more easily access direct primary care, which allows primary care physicians to charge a monthly fee ranging from $50 to $100 for unlimited medical access. That way, it would ensure patients get “much-needed preventive care for a fixed, known cost, instead of waiting months for an appointment just for your doctor to spend more time typing notes for insurance codes than actually talking and looking at you,” Roy wrote in an op-ed for the Hill last year.
Republicans have long vowed to change how the healthcare system works, and President-elect Donald Trump has hinted at some sort of reform after he takes office.
Trump previously vowed in his last term to make some sort of changes to the Obamacare system, saying he would replace it with “something terrific.” However, he failed to make any systemic changes during his time in office, and he has started to walk back from those promises as the Obama-era law has become more popular.
“If we can come up with a plan that’s going to cost our people, our population, less money and be better healthcare than Obamacare, then I would absolutely do it,” Trump said during his debate against President Joe Biden last summer. “But until then, I’d run it as good as it can be run.”
It’s not yet clear when the legislation may be brought to the floor for a vote, but it signals that Republicans are likely to target healthcare reforms as a top priority for when Trump is sworn in and the GOP controls both chambers of Congress.
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