A Joe Biden presidency will consist of an expansionary healthcare program with implications for the COVID-19 pandemic, insurance coverage and deals, according to a report from PwCs Health Research Institute.
The report– launched Nov. 7 after media outlets predicted Mr. Biden as the next president of the U.S.– takes a look at how a Biden administration will affect health care, what healthcare executives can get out of President-elect Bidens healthcare proposals, and his strategy to resolve the pandemic, to name a few topics.
Mergers and acquisitions: In July, a task force created by Sen. Bernie Sanders, D-Vt., and President-elect Biden showed more pressure might be placed on hospitals and pharmaceutical companies wanting to merge under a Biden presidency. President-elect Biden has said his administration would take a closer look at mergers impacts on labor markets, low-income and racially marginalized neighborhoods and racial equity.
COVID-19: The report jobs Mr. Biden will utilize his experience connecting to the H1N1 and the Ebola outbreaks to deal with the pandemic, with the federal government taking a more active role. “These actions could shore up the countrys action in which the federal government mostly served in an assistance role to regional, state and private efforts,” stated PwC. The report also projects President-elect Biden will likely employ the Defense Production Act to increase the production of tests and individual protective equipment, along with assistance ongoing deregulation around telehealth and go back to worldwide partnerships and groups such as the World Health Organization, particularly around vaccines.
COVID-19: The report tasks Mr. Biden will use his experience relating to the H1N1 and the Ebola break outs to attend to the pandemic, with the federal government taking a more active role. “These actions might shore up the countrys reaction in which the federal government mostly served in an assistance role to local, state and personal efforts,” stated PwC. The report also forecasts President-elect Biden will likely get the Defense Production Act to increase the production of tests and personal protective equipment, as well as assistance continuous deregulation around telehealth and return to international collaborations and groups such as the World Health Organization, particularly around vaccines.
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ACA and health insurance coverage: Healthcare executives can anticipate a Biden administration and Democratic lawmakers to develop a replacement for the ACA if the health law is struck down by the U.S. Supreme Court, according to the report. PwCs Health Research Institute likewise said health care companies should get ready for possibly millions more Americans getting insurance coverage under Mr. Bidens health care proposals that include increasing tax aids for health plans bought on the ACA exchanges and offering a public insurance coverage alternative.
Kelly Gooch –
Monday, November 9th, 2020
Access the complete report here.
Overall, the report shows healthcare executives can expect an expansionary agenda that looks to fill gaps in insurance protection, more aggressively scrutinize healthcare mergers and acquisitions and use more federal government power to address COVID-19. A few highlights:.