Gov. Larry Hogan, Presiding Officers Announce Federal Approval of Maryland Reinsurance Waiver
Governor
"With our innovative new reinsurance program, the health insurance market in
"CMS is committed to giving states the flexibility they need to shield their citizens from Obamacare's skyrocketing premiums," said CMS Administrator
Facing predicted health insurance rate increases of up to 50 percent and inaction by leaders in
The legislation directed the Maryland Health Benefit Exchange to submit a State Innovation Waiver under Section 1332 of the Affordable Care Act (ACA) to the
"The difference between our federal government and our state government is on display today. In
"We have worked to ensure access to affordable, quality healthcare for all Marylanders for decades," said Speaker Busch. "Despite the federal government's attempt to force unsustainable cost increases in
With the waiver approval,
"Team
Following this federal approval, the Maryland Health Benefit Exchange Board will finalize the reinsurance program structure. Then, the
"Today's announcement, the approval of
"Today's announcement signals a step in the right direction for Marylanders who buy their health insurance in the individual market. In the face of Congressional inaction and impending premium rate increase requests for the 2019 plan year,
"Although the number of uninsured residents has dropped by half in recent years, many Marylanders still lack health insurance. The approval of this waiver will allow more uninsured Marylanders to get covered. We greatly appreciate the work of
"Here in
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