Tom Campbell |
Campbell served five terms in Congress, was also a California senator, and the director of finance for the state of California. He also served as the dean at the Haas School of Business at UC Berkeley and a Stanford University professor for almost two decades before that. He will provide CHI 2012 attendees with economic
predictions based on the election, share insights on the future of
healthcare legislation and address what is wrong with the political process. Campbell graduated with a doctorate
degree in economics from the University of Chicago. He received his law degree
from Harvard Law School.
Q:
In your opinion, how likely are we to see the Affordable Care Act repealed?
A:
The outcome of the presidential, Senate, and House elections will determine the
future of our nation’s healthcare system. Bearing in mind that the president’s healthcare act passed under
reconciliation, by which a Senate filibuster was avoided, it is also true that
it can be repealed by a simple majority without the possibility of a
filibuster. Thus, it is safe to assume that if the Republicans gain the
presidency and have 50 senators, and hold the House majority, the president’s healthcare statute will be repealed.
What will replace it is not certain, of course; but it is unlikely that the
individual mandate will survive.
Q: What
features of the ACA do you anticipate will survive if Obama is
not re-elected?
A: Gov. Romney has recently
announced he’ll keep the obligation for carriers to take all insurance
applicants, even those with pre-existing conditions. Obviously, that will
necessitate higher premiums in all insurance contracts than before the law was
enacted, but no higher than what they are at present. As there will no longer
be a minimum set of coverages that have to be present in all contracts, we can
expect a wider choice of such options, offered by private insurers. Some, for
instance, will not include contraceptive care.
Q:
Do you anticipate Medicare will be turned to a voucher system?
A:
A capitated federal grant to the states for Medicaid, and to seniors directly
for Medicare, is likely, with increased numbers of eligibles, but reduced
compensated services. If the president is re-elected, then we might still see
some changes, as individual states take advantage of that part of the National
Federation of Independent Business v. Sebelius decision that allows
states to exempt themselves from federal compulsion.
Q:
How are states currently dealing with this anticipated change?
A:
The governor of Maine is attempting the argument that his state
should be allowed to cover fewer people under Medicaid, with, admittedly, less
money than coming from the federal
government, rather than being compelled to cover with Maine’s own matching
money the broader categories required by the federal government. Also, the president announced several months ago that he was
going to propose a compromise with religious institutions; the details of that
compromise will have to be worked out if he is re-elected.
Q:
What will you draw on to give your keynote speech to CHI’s audience of
legislators, biomedical entrepreneurs and executives, investors and academic
researchers?
A:
I will draw on my own experience in public life, having served as a member of Congress in what seemed a permanent Republican minority (1988-1992), then as
part of the first Republican majority in 40 years (1995-2000), and in a
legislative body with a very different set of procedures, the California
Senate, just as term limits were being applied (1993-1995). I’ll have some
iconoclastic recommendations regarding term limits, super-majority requirements
for votes, and selection of committee chairs. I’ll touch on the effect of money
in politics over the time the U.S. Supreme Court has redefined the relevant
rules, my efforts as part of the bipartisan team to adopt McCain-Feingold
(since struck down by the Supreme Court),
and the rise of both self-funded candidates and super PACs.
It
is not too late to register for CHI 2012, taking place Nov. 8 at Gilead
Sciences Campus in Foster City, Calif. Click here to view the
full agenda and speaker line-up for CHI 2012.
CHI-Advancing California biomedical research and
innovation
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