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How Congress can give Americans an extra $11,000 without costing taxpayers a penny

The Honorable Newt Gingrich
 

By Newt Gingrich and Joe DeSantis (original source Fox News)

“Washington is gearing up to pass another multi-trillion-dollar COVID-19 relief package. However necessary these short-term stimulus measures may be to prevent a depression; the fact is that the bill for all this spending will come due eventually.

But what if there was a way for Congress to provide American families an $11,000 per year increase in their incomes without costing taxpayers a penny?

According to the Milliman Medical Index, the average family of four spends more than $28,000 per year on health care. This includes the cost of their insurance premiums (even if their employer pays a portion of the premium, that benefit is still the employees’ compensation).

Meanwhile, analysis by Larry Van Horn at Vanderbilt University has shown that cash-paying patients pay prices that are an average of 40 percent lower than health plans for the same health care services. A 40 percent reduction in the prices paid for health care services would represent a savings of $11,000 per year, per family.”

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