KAINE URGES HEALTH CARE FIXES THAT HELP RURAL VIRGINIA & RENEWS CALL FOR REINSURANCE TO STABILIZE INDIVIDUAL MARKET
"The Optima decision, the Anthem decision, is going to hit rural
Kaine and
Kaine said, "You've done a very good job, each of you, as you've collectively described the benefits of reinsurance. You can lower premiums, by [lowering] premiums you can bring in more young healthy people, and other people who just find affordability more attractive obviously. By lowering premiums you reduce the advance premium tax credit, the subsidy [CSR payments] on the federal budget. You can protect high risk people and you can also send a signal of stability to insurers that there will be a backstop against high cost claims, keeping them in the market. The strategies that we're talking about here and that have been validated by, yesterday and today, two groups of bipartisan leaders at the state level are anything but 'a bailout' for anyone, they're really designed to help people and to provide at least some temporary stability with a predictability that will enable us to find bigger picture items."
The Committee will again meet next week for two additional bipartisan hearings on health care improvements. HELP Committee Chairman
Read this original document at: https://www.kaine.senate.gov/press-releases/kaine-urges-health-care-fixes-that-help-rural-virginia-and-renews-call-for-reinsurance-to-stabilize-individual-market
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