Bill Would Open Up State Medicaid Programs to Everyone, Regardless of Income; Builds on Progress Made Under ACA Which Passed 14 Years Ago This Week
"Even with all of the progress we've made in recent years to expand access to health care and make it more affordable, many Americans still lack coverage," said
"For communities to thrive, Americans need access to quality, affordable health care," said
The State Public Option Act will allow states to create a Medicaid buy-in program for all residents regardless of income, giving everyone the option to enroll in a state-driven Medicaid health insurance plan. State public option programs have been shown to lower costs, increase consumers' choice in plans, and improve equity in coverage. Several states - including
Despite the progress made under the Affordable Care Act, which passed 14 years ago this week and has brought the rate of uninsured Americans to an all-time low, nearly 26 million of Americans still lack coverage. This legislation will help workers who do not have employer-sponsored coverage but may make too much to qualify for subsidies under the ACA get affordable insurance. It will also help consumers who live in counties with limited insurance carriers and worry about the lack of options for affordable coverage. Additionally, in the face of sweeping Republican attacks on reproductive freedom across the country, the bill requires states to cover sexual and reproductive health services, including abortion care, in all of their Medicaid buy-in plans.
Medicaid is a popular and cost-effective program with a large provider network. The program has the same positive ratings as private insurance, but provides health coverage at a much lower cost. Based on partnerships between state and federal governments, Medicaid also gives states the flexibility to adapt services and models of care based on their individual needs.
In the
The full text of the State Public Option Act is available here https://www.schatz.senate.gov/download/state-public-option-act-text.
Read this original document at: https://www.schatz.senate.gov/news/press-releases/ahead-of-aca-anniversary-schatz-lujan-reintroduce-legislation-to-create-public-health-insurance-option-provide-more-people-with-affordable-health-care


Getting children the health care they need
California home insurance exodus pushes state’s last-resort backup plan toward insolvency [Bay Area News Group]
Advisor News
- How advisors can prepare clients for an uncertain retirement landscape
- Investors aren’t waiting out uncertainty
- Transamerica and Advo(k)ate Advisors launch pooled employer plan
- ‘I wish I’d met him sooner:’ Karlan Tucker remembered for integrity, faith
- Why women must be more engaged in investing
More Advisor NewsAnnuity News
- Immediate Care Plan: A new solution for funding LTC
- Delaware Life Launches a New Bonus Fixed Index Annuity Built for Growth, Protection, and Flexibility
- LIMRA: Annuity sales set new quarterly record with $123.9B in Q2
- CANNEX names Gary Baker as its new CEO
- Corebridge adds options to its Power Series of indexed annuities
More Annuity NewsHealth/Employee Benefits News
- Studies from University of Washington Reveal New Findings on Hepatitis C Virus (Comparative Evaluation of State-Level Subscription-Based Payment Models for Hepatitis C Drugs): Liver Diseases and Conditions – Hepatitis C Virus
- Colorado House Candidate Manny Rutinel Sponsored Legislation Forcing Health Insurers To Cover Sex Changes For Kids
- Oregon regulators plan to trim health insurance rate hikes, but premiums are still set to rise
- New dashboard tracks Kansas Affordable Care Act enrollment by legislative district, county
- How the loss of Haitian TPS will affect medical care in South Florida
More Health/Employee Benefits NewsLife Insurance News
- Vincent Esparza CFP, CLU joins Wilde Wealth Management Group as Senior Wealth Advisor
- NCOIL summer meeting sets attendance record
- Mercer Advisors Unveils Second Generation of Aspen, its AI-Enabled Platform for Fiduciary Family Offices
- Lincoln Financial Announces Reinsurance Transaction with Talcott
- Paperclip Partners with National Life Group to expand Secure Data Exchange and Carrier Network for Distribution
More Life Insurance News