J. James Rohack, president of the American Medical Association, also praised the bill, stating it would empower patient and physician decision making, as well as “make substantial investments in quality; institute prevention and wellness initiatives; provide incentives to states that adopt certificate of merit and/or early offer liability reforms; and reduce administrative burdens.”
Physician groups are counting on Congress to address another piece of legislation in the coming weeks that seeks to fix Medicare's troubled physician payment formula.
AARP CEO A. Barry Rand was pleased the bill met the organization's goals of improving Medicare's benefits and making coverage more affordable through its insurance market reforms.
The insurance industry, hit hard by a series of new restrictions under the bill, would beg to differ with that assessment. Karen Ignagni, president and CEO of America's Health Insurance Plans, asserted in a written statement that the bill fails to bend the healthcare cost curve “and breaks the promise that those who like their current coverage can keep it.”
A new government-run plan will cause millions to lose their existing coverage “and draconian Medicare Advantage cuts will force millions of seniors out of the program entirely,” Ignagni said.