Protect College Sports Act Of 2026
Mr. President, I ask unanimous consent that myself, Senator Cassidy, and Senator Paul be permitted to speak prior to the scheduled recess. Mr. President, thanks for letting us come to the floor, and I do appreciate my colleague Senator…
Mr. President, I ask unanimous consent that myself, Senator Cassidy, and Senator Paul be permitted to speak prior to the scheduled recess.
Mr. President, thanks for letting us come to the floor, and I do appreciate my colleague Senator Bill Cassidy being here with me today as well.
Could you imagine you are in the market and you need a new car, you need a new truck, and you really need it badly--you don't have a way to get to and from work--so you get online and you look at the different models out there and be expected to make a purchase without knowing what the cost of that truck or that car was?
Well, that is the way healthcare is right now. We expect consumers to have all the healthcare delivered to them, and months later they get a bill for it. We think that patients deserve pricetags just like consumers do in every other form of business.
You think about the challenges of America today. Certainly the cost of living is upfront, and it is personal. And one of the big drivers of that cost is healthcare, health insurance. We have seen it go from 13 percent up to 18 percent of GDP. We have seen the cost of healthcare for a family go from maybe $500 a month a decade or two ago and now it is probably over $2,000 a month.
So certainly the cost of healthcare, in so many ways, is driving inflation. This matters. It matters to the patients. It matters to the employers that are paying for the health insurance or a big portion of it. It matters to the Federal Government.
If you are trying to balance the budget, if we could get the cost of healthcare under control, that would help us get toward a balanced budget.
I mean, my goodness, it is a $7 trillion budget. Maybe $2 trillion, two-sevenths of our Federal budget, is on healthcare. So if there were more pricetags, it would help bring the cost of healthcare down; actually, about $1,000 a month. If patients had pricetags, it could bring down the cost of healthcare $1,000 a month.
Our bill, as you may know, came out of committee 22 to 1, good bipartisan support. Our bill has real teeth to it as well. Our belief is just like in all forms of business, transparency helps consumers. And that is what we are asking here.
We are not asking anything different than any other business. We want total transparency so patients can look at the different prices. A healthcare provider would have to give their cost upfront, not an estimate; a real price upfront as well.
And, again, I just can't emphasize enough that this is bipartisan. It is ready to move, and that this is so important to the American consumer.
I will stop there, and I will yield to my colleague from Louisiana.
Mr. President, I certainly want to echo my gratitude to my colleague Senator Hickenlooper for his help with this bill and his staff and my staff and the HELP Committee staff as well, all of the work they have done on this bill--bill that will bring immediate relief to everybody across the country.
Real examples: An MRI of your knee might be, in one place, $300, and in another one, it might be $3,000. A hip replacement in one facility might be $15,000 but $150,000 in another location. We are not making those numbers up; that is the discrepancy you are going to hear about.
Look, patients deserve pricetags.
Mr. President, notwithstanding rule XXII, I ask unanimous consent that the Senate proceed to the immediate consideration of Calendar No. 522, S. 2355; further, that the committee-reported substitute amendment be agreed to, the bill as amended, be considered read a third time and passed, and that the motion to reconsider be considered made and laid upon the table.
Mr. President, certainly I agree on many of the points my colleague made, and certainly I am in favor of expanding association healthcare plans. The goal of that is more competition, and that is all we are trying to create. My colleague says this won't work, but transparency works in every other industry. I think it is well documented that our bill would save $1,000 per month.
Here is the big fallacy in his argument. He is right that the insurance companies have negotiated these rates. So within one community, this insurance company has negotiated one rate with a surgery center, one rate with the hospital, one rate with an imaging center. So all I say is the patient deserves to see what that negotiated rate is, and then they can compare it. So it is like we agree, but he disagrees with the final step here: We want patients to know what that negotiated price is.
A real example: Getting a hip replaced at a surgical hospital might cost $15,000 or $20,000, but at the hospital down the street, it might be $150,000. The same way with an x ray. Going to the hospital, you know, the x ray--the MRI might be $3,000 there but $300 down at the imaging center.
So I agree that those prices have been negotiated, but I want to make sure it is in the hands of the consumers. Could you imagine driving down the street and gas stations--you didn't know how much the gas was going to be? Of course you wouldn't be able to make a good consumer choice.
So that is all we are asking, is full transparency in healthcare just like in every other industry.
I yield the floor.
