Lawmakers advance Reynolds’ proposal for submitting state-based health insurance waiver
LEE-GAZETTE DES MOINES BUREAUThe Dispatch-Argus
DES MOINES — House lawmakers advanced a proposal by Gov. Kim Reynolds to submit a waiver to the Centers for Medicare and Medicaid Services as the first step to establish a state-based health insurance exchange in Iowa.
The proposal, House Study Bill 721, is one of Reynolds' legislative priorities, as she says federal health insurance under the Affordable Care Act continues to remain expensive and uncertain.
Reynolds' Chief of Staff Molly Severn said a state-run program would lower health insurance costs for Iowans after an expiration of enhanced ACA subsidies caused premiums to skyrocket for many.
"If Congress is unable to fix the Affordable Care Act, Iowa must explore opportunities to reduce costs at the state level," Severn said during a meeting subcommittee Thursday morning.
A similar effort was attempted in 2017, when Iowa lawmakers tried to establish a similar state-run system, but it was unsuccessful.
Multiple representatives for health insurance companies and groups remained either undecided or in support of the legislation.
Democratic Rep. Austin Baeth of Des Moines questioned Reynolds' staff during the subcommittee meeting on whether there would be more oversight of the waiver submission, which would be solely handled by the Iowa insurance commissioner under the bill. He suggested that there be a broader advisory committee overseeing the waiver submission.
Baeth, who sat on the three-member subcommittee, declined to advance the legislation. Republican Reps. Brett Barker of Nevada and Shannon Lundgren of Peosta agreed to advance the bill.
Students at HPHS celebrate 'No One Eats Alone Day'
NM House approves fund to pay for expired federal health care tax credits
Advisor News
- Your client’s $3 million portfolio doesn’t tell you their insurance needs
- How life insurance can provide liquidity for wealthy families
- Retirement providers turn to digital engagement to retain assets
- Looking out for clients with diminished mental capacity
- House panel advances CLEAR Forms Act backed by IRI
More Advisor NewsAnnuity News
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
- A-Cap strikes back with lawsuit accusing SC regulators of sloppy process, leaking secrets
More Annuity NewsHealth/Employee Benefits News
Life Insurance News