Former Aetna CEO Mark Bertolini told CNBC on Wednesday that the defects in the Affordable Care Act can be corrected without getting rid of the law.
When S called on the street, Bertolini said: “Amidst the pandemic and huge unemployment, tearing up this very important plan…will be a huge mistake.”
One day after the Supreme Court filed the dispute in California v. Texas, at the time Bertolini made the above comments, the constitutionality of the ACA, also known as Obamacare, had been submitted to the US High Court for the third time. After two conservative justices stated that individual mandates could be abolished individually while the rest remain in effect, the law seems likely to exist again.
President Donald Trump and Republicans in Congress have been critics of Obamacare and have failed to promise for years to “repeal and replace”
Bertolini was the CEO of Aetna Insurance before being acquired by CVS in 2018. He is also critical of the Affordable Care Act. According to the “Washington Post” report, he said in 2017 that the Obamacare insurance transaction is in a “death spiral.” When he took the helm, the company completely left those ACA markets for health insurance.
President-elect Biden, who served as the two-term Obama’s vice president, vowed to increase the number of people who are eligible for insurance subsidies and increase public choice, which will allow some Americans to strengthen Obamacare and buy a government-run health insurance with Medicare Or Medicaid similar plan.
In his speech on Tuesday, Biden said: “My transition team will start working soon to flesh out the details so that we can actually work, cope with costs, increase availability, and reduce prescription drug prices.”
Bertolinini has his own ideas for improving Obamacare. He said: “I think ACA can solve it.” “I think we need to consider the option of lowering age eligibility by conducting medical insurance tests on older people who are not eligible for Medicaid.”
He added: “I think if we do this at the beginning, instead of ACA, we can do a lot of things at a much cheaper price, because the risk mechanisms and administrative systems of Medicare and Medicaid are working well.”
Medicare is mainly for people 65 years of age or older, as well as some younger people with disabilities. Medicaid is a medical insurance plan for low-income Americans, and Obamacare allows states to expand their eligibility. In total, more than 20 million Americans have obtained health insurance through ACA.
“I think it would be a huge mistake to reduce this bill now,” said Bertolini. “I think we can solve this problem by aligning the risk mechanism with Medicaid and Medicare and changing the eligibility requirements for Medicare. This will allow us to get Medicare instead of’Medicare for All’.” Some progressives, such as Senator Bernie Sanders State University (I-Vt.) proposed to switch to single-payer health insurance in the United States, calling it “Medicare for All.” “.
The Supreme Court is expected to rule on the latest Obamacare reform case in June.
— CNBC’s Tucker Higgins (Tucker Higgins) and Berkeley Lovelace Jr. (Berkeley Lovelace Jr.) contributed to this report.