IRVING, Texas--(BUSINESS WIRE)--Vizient, Inc., is disappointed that the revised Senate version of the Tax Cuts and Jobs Act includes the elimination of the Affordable Care Act’s individual mandate. While this is not a full repeal of the ACA, it could have a similar effect by eliminating critical financial underpinnings. We believe this provision would further destabilize insurance markets and have significant, negative impacts on individuals’ ability to afford their health insurance coverage.
The Congressional Budget Office recently estimated that repealing the mandate would result in 13 million fewer people with health insurance and premium hikes of 10 percent per year. This legislation would not only negatively impact patients, but will also put an increasing strain on hospitals and providers throughout the country.
We believe ensuring the financial viability of our health care providers simultaneously helps care for the communities they serve. Vizient encourages Congress to ensure that patients’ health insurance coverage is maintained so that the most vulnerable individuals continue to have access to high quality health care.
Vizient is the nation’s largest health care performance improvement company serving a diverse membership that includes academic medical centers, pediatric facilities, community hospitals, integrated health care delivery networks and non-acute health care providers.
About Vizient, Inc.
Vizient, Inc., the largest member-driven health care performance improvement company in the country, provides innovative data-driven solutions, expertise and collaborative opportunities that lead to improved patient outcomes and lower costs. Vizient’s diverse membership base includes academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks and non-acute health care providers and represents more than $100 billion in annual purchasing volume. The Vizient brand identity represents the integration of VHA Inc., University HealthSystem Consortium and Novation, which combined in 2015, as well as MedAssets’ Spend and Clinical Resource Management (SCM) segment, including Sg2, which was acquired in 2016. In 2017, Vizient again received a World’s Most Ethical Company designation from the Ethisphere Institute. Vizient’s headquarters are in Irving, Texas, with locations in Chicago and other cities across the United States. Please visit www.vizientinc.com as well as our newsroom, blog, Twitter, LinkedIn and YouTube pages for more information about the company.