Americans are in $140 billion worth of medical debt, while the U.S. spends trillions on healthcare each year. With a system bursting at the seams, it’s no surprise that there is increasing support for federal regulation and reform.
Next year, the price transparency rule, the No Surprises Act and healthcare provisions in the Biden Administration’s reconciliation bill will go into effect. Liliana Salazar, employee benefits attorney and chief compliance officer at insurance brokerage Hub International, views these laws as watered-down federal healthcare regulations — but it’s a start.
