Among the key points he underscored:
- Health care costs are rising, but not as fast as they used to. “It’s rising more or less in line with the overall growth of the economy, which is, if you think of it, a lot of money that the U.S. still spends for health care, but it becomes more affordable when that bill is rising more or less in line with the growth of the economy rather than galloping ahead,” he said.
- The new law may leave some Americans who have a serious chronic illness “underinsured” because their annual out-of-pocket costs could still be high.
- The law has varying effects across the states. For example, 25 states and the District of Columbia have decided to expand Medicaid, but the other 25 have not, which can impact health insurance affordability for low-income patients.
AP, which has reporters in all 50 states — a footprint unmatched by any other news organization — is providing comprehensive coverage and support for member news organizations in localizing stories as the law is being implemented across the states.