Vice President Kamala Harris unveiled a plan to extend Medicare coverage to long-term at-home healthcare for seniors during an appearance on 'The View.' While the proposal aims to improve access to care, experts warn about its significant financial implications and potential downsides.
Vice President Kamala Harris, the Democratic presidential nominee, announced her proposal for Medicare to cover long-term at-home healthcare for senior Americans on “The View,” an ABC talk show, 28 days before the 2024 presidential election. The fiscal challenge of implementing such a proposal is monumental.
Ms. Harris stated that her proposal would be paid for by regulating pharmacy benefit managers and expanding price negotiations with prescription drug manufacturers in Medicare. However, the Congressional Budget Office estimated thatdeterring On the supply side, removing licensure requirements, compliance mandates, interstate restrictions, and other regulatory barriers would invite new entrants, promote competition, and lower prices. These barriers, typically erected by well-intentioned regulators, are often regressive, anti-competitive, and anti-innovation, raising operating costs and reducing competitive pressures on prices.
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