Expert says health care costs will go up
COVINGTON — Health care expert painted a bleak picture of what the new health care reform law will mean for businesses at a seminar hosted by the Covington-Newton County Chamber of Commerce at Georgia Perimeter College on Tuesday. Ryan Mahoney, director of public policy for the Georgia Chamber of Commerce, said the cost of health insurance will grow under the new law and Americans may find themselves with little choice when it comes to provider options. While the Georgia Chamber believes health care reform is needed, “This is not the plan to do it,” Mahoney said.
Mahoney leads strategic development and execution of Chamber initiatives in transportation, health care, education and other policy areas and appears as a guest commentator on the Fox 5 Atlanta show “Georgia Gang.” He’s spent extensive time researching the bill passed by Congress earlier this year. Mahoney said the cost of health care has doubled in the past decade. One reason is the advancements in medical technology, such as Lasik eye surgery, which consumers have demanded be covered under their policies, he said.
Another is the growing number of mandates required to be covered under all health insurance plans — in Georgia, mandates total 45, each of which increases costs by 1 to 3 percent. The growth in the number of government-run health care programs such as Medicaid, Medicare and PeachCare also plays a part. Such programs pay only a fraction of actual costs for care and providers pass the remaining cost on to patients who have private insurance and their employers, who provide the insurance.
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