WASHINGTON – U.S. Senator Kevin Cramer (R-ND), a Senate Budget Committee member, joined Senators Ben Cardin (D-MD), Mike Crapo (R-ID), and Angus King (I-ME) in reintroducing the Preventive Health Savings Act, a bipartisan bill to direct the Congressional Budget Office (CBO) to more accurately reflect the cost-savings of preventive health care.
“Preventive health care measures allow Americans to live longer, healthier lives while dramatically lowering the costs that ultimately get passed along to the consumer and the taxpayer,” said Senator Cramer. “Our bill would help Congress better understand the impact of proposed investments in preventive care.”
The Preventive Health Savings Act would allow the congressional leaders of relevant committees to request an analysis of preventive measures extending beyond the existing 10-year window for two additional 10-year periods. It would define preventive health as “an action designed to avoid future health care costs that is demonstrated by credible and publicly available epidemiological projection models, incorporating clinical trials or observational studies in humans, longitudinal studies, and meta-analysis.”
Over 120 organizations support the Preventive Health Savings Act, including Alzheimer’s Association, America’s Health Insurance Plans, American Diabetes Association, American Medical Association, American Pharmacists Association, National Restaurant Association, and the U.S. Chamber of Commerce.