Democratic presidential candidate John Edwards today announced the cost-saving measures in the universal healthcare plan he released in February. Edwards claims his plan would save an average family $2,000 to $2,500 annually and eliminate $130 billion a year in wasteful spending.
Americans today arent getting the quality of healthcare they pay for and cant afford the cost of the care they do receive, said Edwards, a former North Carolina senator. To fix our healthcare crisis, we need a fundamental change.
The plan seeks to bring down costs by setting national accounting standards; requiring insurers to spend at least 85% of their premiums on patient care; creating patient-centered medical homes; and requiring healthcare markets and public plans to proactively monitor the health of patients with chronic ailments to reduce complications and hospitalizations.
In addition, his plan would support safe reimportation of prescription drugs from Canada and would create a central organization within the Institute of Medicine to test new devices and drugs and disseminate best practices nationally. Like fellow Democratic presidential candidates Barack Obama and Hillary Rodham Clinton, Edwards would seek adoption of electronic medical records. -- by Jennifer Lubell