Beyer Leads 46 House Democrats Highlighting Rising Healthcare Premiums for Small Businesses and the Entrepreneurial Economy As House Republicans Block Key Solution
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Beyer Leads 46 House Democrats Highlighting Rising Healthcare Premiums for Small Businesses and the Entrepreneurial Economy As House Republicans Block Key Solution
The Representatives wrote:
"We are deeply concerned about the President's decision to end the cost-sharing reductions (CSRs) and the devastating financial impact it will have on small businesses, working families, and the innovator economy....absent a subsequent appropriation of funds or other action by Congress...[it] will primarily hurt millions of middle-class individuals, like the small businesses and self-employed individuals in our districts, who earn too much to qualify for premium assistance and will bear the full brunt of any rate increase."
The Representatives pointed to the hardship that uncertainty around unfulfilled CSR payments is inflicting on the innovator economy in the absence of action by Republican leaders.
The nonpartisan
Text of the letter follows, and a signed copy is available at: https://beyer.house.gov/uploadedfiles/csrletter.pdf.
The Honorable
H-232 The
We are deeply concerned about the President's decision to end the cost-sharing reductions (CSRs) and the devastating financial impact it will have on small businesses, working families, and the innovator economy. We ask that you commit to fund the CSRs and eliminate this barrier to innovation.
As you know, CSRs make health insurance more affordable by reducing cost sharing and out-of-pocket expenses like co-payments and deductibles in the non-group or individual market. In 2016, CSRs alleviated the cost of medical expenses for over 6.4 million enrollees. Now that
We know that failure to fund CSRs will drive up premiums as insurers cover the cost and that some insurers will be forced out of the non-group market as a result. The
According to the
We are hearing from entrepreneurs, small business owners, and self-employed individuals who are being disproportionately impacted by the President's decision. We ask that you support our innovator economy and mitigate this financial burden by fulfilling cost sharing reduction payments.
Sincerely,
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