Sen. Cortez Masto Cosponsors Bill to Strengthen Medicaid for States Hit Hard During Economic Downturn - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
July 1, 2020 Newswires
Share
Share
Post
Email

Sen. Cortez Masto Cosponsors Bill to Strengthen Medicaid for States Hit Hard During Economic Downturn

Targeted News Service (Press Releases)

WASHINGTON, July 1 -- Sen. Catherine Cortez Masto, D-Nevada, issued the following news release:

U.S. Senator Catherine Cortez Masto (D-Nev.) joined Senator Bob Casey (D-Pa.) in introducing legislation that would automatically bolster the health care safety net during times of fiscal crisis, thereby protecting health care coverage for the most vulnerable Americans. The Coronavirus Medicaid Response Act would create automatic triggers that increase the Federal Medical Assistance Percentage (FMAP), or the share of Medicaid costs borne by the federal government, based on each state's unemployment condition. The companion legislation was introduced in the House of Representatives earlier this year by Nevada Representative Susie Lee (D-Nev.-03).

"Nevada's economy has suffered severely during the coronavirus pandemic," said Senator Cortez Masto, "and it's crucial to do everything we can to protect the health of citizens who are out of work and need to rely on Medicaid during this difficult time. This bill makes sure that federal resources automatically flow to the people who need them the most in a crisis."

"No state has been more devastated by the coronavirus pandemic than Nevada," said Representative Lee. "That is why I introduced the Coronavirus Medicaid Response Act in April, which increases emergency federal aid for Medicaid programs as state unemployment rates worsen. Senators Cortez Masto, Casey, and Brown agree that this critical initiative needs to become law, which is why they introduced the Senate version of this bill. As more and more Nevadans experience not only job loss, but health insurance loss, our legislation would ensure that states' Medicaid funding is covered. As a result, more Nevadans will have health coverage without using state funds that support other critical public services. This includes relief for our schools, hospitals, firefighters, and other essential services and workers. Our communities can't wait a minute longer for this critical aid. I look forward to working with my Senate and House colleagues to get this bill through Congress and onto the President's desk."

BACKGROUND:

As the economic crisis brought on by the coronavirus continues, millions more Americans are expected to lose their health insurance. Thanks to the Affordable Care Act, states like Nevada that opted to expand Medicaid will cover thousands of newly unemployed or underemployed families on the program's rolls.

Costs associated with increased enrollment will be borne by both the state and the federal government. Senator Cortez Masto voted for the Families First Coronavirus Response Act, which increased the federal share of funding, known as the FMAP, by 6.2 percent nationwide for the duration of the public health emergency. The Coronavirus Medicaid Response Act would enhance the FMAP and tie its expiration to a state's economic conditions, which are a better indicator of increasing Medicaid enrollment.

Older

Oklahoma voters narrowly approve Medicaid expansion

Newer

Rep. Thompson Introduces Bill on Program for Support of Insurers Providing Business Interruption Insurance Coverage

Advisor News

  • IRS CEO FRANK J. BISIGNANO VISITS OHIO TO TOUT WORKING FAMILIES TAX CUTS PROVISIONS ON NO TAX ON CAR LOAN INTEREST, NO TAX ON OVERTIME, ENHANCED DEDUCTION FOR SENIOR CITIZENS
  • The hidden flaw in insurance AI adoption for advisors and carriers
  • Rising healthcare costs impact 401(k) accounts
  • What advisors think about pooled employer plans, alternative investments
  • AI, stablecoins and private market expansion may reshape financial services by 2030
More Advisor News

Annuity News

  • MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
  • AuguStar Retirement launches StarStream Variable Annuity
  • Prismic Life Announces Completion of Oversubscribed Capital Raise
  • Guaranteed income streams help preserve assets later in retirement
More Annuity News

Health/Employee Benefits News

  • Ashley Mann:
  • WAYS AND MEANS COMMITTEE CONTINUES TO EXPAND HEALTH CARE ACCESS FOR SENIORS IN RURAL AND UNDERSERVED AREAS
  • Reduced health insurance payments for hospital births had a bigger impact on sterilization rates than correcting an injustice
  • Reports Summarize Pulpotomy Findings from National Health Insurance Service Ilsan Hospital (Trends and Outcomes of Vital Pulp Therapy in Korea: A Nationwide Retrospective Cohort Study): Surgery – Pulpotomy
  • Reports on Managed Care Findings from Harvey L. Neiman Health Policy Institute Provide New Insights (Self-Interpretation of Imaging Studies by Ordering Providers: Frequency and Associated Provider and Practice Characteristics): Managed Care
More Health/Employee Benefits News

Life Insurance News

  • Shocking death of Kyle Busch renews debate over IUL plan
  • WoodmenLife launches final expense life insurance offering
  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
  • Symetra Wins 2026 Shorty Award for ‘Plan Well, Play Well’ Social Media Campaign with Sue Bird
  • Rehabilitator: PHL Variable liquidation payouts could exceed guaranty caps
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

Press Releases

  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet