Feinstein Urges Trump to Stop Threats to Sabotage Individual Market
Feinstein wrote, "I am greatly concerned that if the federal government does not fulfill its duty in making these payments, it will cause steep increases in premiums and further push insurers out of the market. According to Covered California, halting the cost-sharing reduction payments would result in an additional 12.4 percent increase for Silver level plans in
Full text of the letter follows:
The Honorable
President
The
Dear President Trump,
I write to ask that you reconsider your proposal to halt the federal cost-sharing reduction payments to insurers. Failure to make these payments would harm the financial stability and health of millions of Americans.
Cost-sharing reduction payments help reduce out-of-pocket costs, like copays and deductibles, for low-income Americans making between 100 and 250 percent of the federal poverty level (
I am greatly concerned that if the federal government does not fulfill its duty in making these payments, it will cause steep increases in premiums and further push insurers out of the market. According to Covered California, halting the cost-sharing reduction payments would result in an additional 12.4 percent increase for Silver level plans in
Additionally, stopping these payments actually costs the federal government more money. It doesn't save anything at all. It would cost the federal government
Please work with
Sincerely,
Read this original document at: https://www.feinstein.senate.gov/public/index.cfm/press-releases?ID=0B8765D3-AF48-4697-B12F-B42DB97DE5BA
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