What’s Going on in HealthCare?
Last Thursday, President Trump ended Cost Sharing Reductions to insurance groups under the Affordable Care Act. These reductions are government subsidiaries to help afford the cost of health insurance for low income Americans. The end of these subsidiaries fulfills Trump’s campaign promise to dismantle Obamacare as the insurance exchange market has begun to destabilize. Insurance groups announced they will increase premiums to cover the cost of these plans. To stabilize the insurance market, Sen. Lamar Alexander (R-TN) and Sen. Patty Murray (D-WA) announced a bipartisan bill providing the subsidiaries for two years. However, republican leadership has shown mixed support for the bill.
To read more about Trump’s end to Cost Sharing Reductions click here , to read more about insurers reaction to ending subsidiaries click here , and to read about the bill that would stabilize the insurance markets, as well as the republican leadership opinion, click here.