CAP Rolls Out First-of-Its-Kind Bipartisan Legislation to Stabilize Insurance Markets
After
"Nearly all Americans agree that gutting the Medicaid program to give a giant tax break to the rich is not the path forward to health care reform. Today, CAP is proposing a step toward bipartisan change using ideas espoused by both
CAP's proposed legislation, the Market Stability and Premium Reduction Act, consists of three central measures:
* Lower premiums: By guaranteeing continued funding for ACA subsidies, the bill will help lower premiums and stabilize the market.
* Reimburse insurers for high-cost enrollees: The proposal mirrors proven solutions currently working in
* Provide options in bare markets. Proposals might include exempting insurers who enter bare markets to provide insurance from Health Insurance Tax; offering a Guaranteed Choice Plan in areas where there are not enough options; or allowing people in underserved counties to buy into the Federal Employees Health Benefit Program (FEHBP).
The plan puts forth several pay-for suggestions that include reform to Medicare payments for care and drugs, one of which was supported by now
Insurance markets are deteriorating rapidly for the 2018 plan year under the current administration. There is now clear evidence that this deterioration is due to massive policy uncertainty. The constant threat of repeal is a big source of uncertainty. In addition, the administration constantly threatens to discontinue payments for cost-sharing subsidies and to weaken enforcement of the individual mandate.
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