Former acting CMS administrator applauds Basic Health Plan as tool to reduce costs
The Basic Health Plan, an option through the Affordable Care Act, empowers states to use federal funding to negotiate directly with managed care plans. The Plan would significantly lower healthcare premiums and deductibles for low-income working individuals who are ineligible for Medicaid.
"If you buy in bulk, you get a discount. And that applies to negotiated rates for either drugs or for healthcare. We must put those individuals in the marketplace in a position of having the clout that you would want somebody who was with a large employer to get," said Cantwell. "We've seen with the Basic Health Plan in
"I live in a state,
Starting in 2015, both
In addition, the
Key Data on the Basic Health Plan in
New York
Eligibility 138-200% of federal poverty level 138-200% of federal poverty level
Monthly Premiums, Per Individual
Deductibles
Enrollment 650,000+ 116,000+
State Budget Savings
The Basic Health Plan provision in the Affordable Care Act is modeled on
In May of 2016,
Read this original document at: https://www.cantwell.senate.gov/news/press-releases/cantwell-continues-push-to-drive-down-health-insurance-costs-through-basic-health-plan
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