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
- Trump targets ‘retirement gap’ with new executive order
- Younger investors are engaged and advisors must adapt
- Plugging the hidden budget leaks of retirement
- Hagens Berman: Retired First Responders Sue Washington State over Rights to $3.3B Pension Funds Threatened by Lawmakers
- Financially support your adult children without risking your future
More Advisor NewsAnnuity News
- A new opportunity for advisors: Younger indexed annuity buyers
- Most employers support embedding guaranteed lifetime income options into DC Plans
- InspereX Partners with AuguStar Retirement for Strategic Expansion into Annuity Market
- FACC and DOL enter stipulation to dismiss 2020 guidance lawsuit
- Zinnia’s Zahara policy admin system adds FIA chassis to product library
More Annuity NewsHealth/Employee Benefits News
- A beloved insurer? This goal calls for AI UnitedHealthcare's mission control targets customer woes to build its brand
- Rep. Rebecca Alexander sponsors bill to expand step therapy exemptions, help cancer patients
- Since Congress let Obamacare subsidies expire, millions are dropping coverage
- NC Senate aims to curb Medicaid costs and allow more insight into hospital charges
- Findings in the Area of Managed Care and Specialty Pharmacy Reported from University of Utah (Socioeconomic, Demographic, and Medication Class Determinants of Medication Adherence: a Retrospective Cohort Study): Drugs and Therapies – Managed Care and Specialty Pharmacy
More Health/Employee Benefits NewsLife Insurance News
- Ann Heiss
- Convertible market dynamics and the portfolio implications for insurers
- Finalists announced for Lincoln's 2026 Best Places to Work
- Investors Heritage Promotes Anna Reynolds to Senior Vice President and General Counsel
- AM Best Affirms Credit Ratings of Old Republic International Corporation’s Subsidiaries
More Life Insurance News