Alexander: Tennesseans Buying Insurance Without Subsidies Have Highest Premium Increase in Nation
"Under the Alexander-Murray plan, if you're one of the roughly 150,000 Tennesseans getting hammered in the individual health insurance market without a government subsidy, you'll get money back next year," Alexander said. "Without Alexander-Murray, you'll get up to an average 58 percent increase in your premium."
Alexander continued, "Our proposal helps the Tennesseans who are really getting hammered - those without subsidies. Their premiums have already gone up as much as 176 percent in the last four years. During 2018, their premiums will have increased from
"Additionally, Tennesseans are seeing their plans disappear - Tennesseans had an average of 59 health plans to choose from when the exchanges opened in 2014, but will have just six in 2018. Our bill gives states more flexibility through state innovation waivers to approve different kinds of health plans, so people would have more choices and lower prices."
Background on Alexander-Murray Bipartisan Health Care Stabilization Act of 2017
Earlier this month, Alexander, who chairs the
Alexander has said the legislation is the "first step to avoiding chaos that could occur during 2018 and 2019 if premiums continue to skyrocket and millions of Americans find themselves without a way to purchase insurance."
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