On February 24, the Chamber’s President & CEO Bryan Stephens was joined by other Hampton Roads Chamber leadership at a press conference hosted by the Virginia Chamber of Commerce in Richmond, to endorse a private option approach and released a series of principles to address Medicaid in Virginia. Business leaders and Chambers of Commerce from across the Commonwealth participated as well.
Highlights of the free-market based reforms that businesses are urging the General Assembly to consider include:
- Total privatization of Medicaid expansion in VA;
- Requirement that the Commonwealth achieve sufficient savings to offset the state’s share of contributions for the private option;
- Requirement that enrollees must be employed or actively seeking employment;
- Encourage a market-oriented approach for new enrollees to control their use of health care services and maintain healthy behaviors, including cost sharing;
- Financial incentives to encourage healthy behaviors, including health savings accounts;
-Require an audit of the Medicaid program and a renewal of the private option plan every 4 years;
- Language that the private option plan would terminate if the federal government fails to meet their financial obligations under the ACA;
- Support wellness and preventative services;
- Require annual performance reviews;
- Expand fraud and abuse prevention measures to control costs.