Healthy Competition for Better Care Act Seeks to Reform Health Care Market Dynamics

Congressman Rick W. Allen and House Budget Committee Chairman Jodey Arrington introduced the bipartisan Healthy Competition for Better Care Act, targeting enhanced transparency and competition in health care markets. The legislation addresses anti-competitive practices that elevate premiums and out-of-pocket costs, aiming to foster greater patient choice and reduce health care expenses. The act also seeks to remove barriers to competition, enabling access to quality care and improved market dynamics. The ERISA Industry Committee supports the legislation, recognizing its potential to empower patients and encourage value-driven provider partnerships. This act represents a regulatory effort to reform the health care industry by promoting fair competition and lowering costs.