Sen. Heitkamp Issues Statement on President Cutting Off Federal Health Care Funds - 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
October 22, 2017 Newswires
Share
Share
Post
Email

Sen. Heitkamp Issues Statement on President Cutting Off Federal Health Care Funds

Targeted News Service (Press Releases)

WASHINGTON, Oct. 13 -- The office of Sen. Heidi Heitkamp, D-N.D., issued the following news release:

U.S. Senator Heidi Heitkamp today expressed serious concern after the president announced he will cut off federal funding that helps make health care affordable for families, known as cost sharing reduction payments. As a result, many individuals and families will see their premiums skyrocket by double digits.

A recent report from the non-partisan Congressional Budget Office (CBO) said that if the administration stopped paying the cost sharing reduction payments, as it has now done, there would be serious consequences for individuals and families across the country. The report said families' premiums would jump by about 20 percent, many families would be left without health insurance options as the lack of payments would force many insurers to leave the market, and it would add $194 billion to the deficit over a decade.

In North Dakota, 47 percent of consumers on the health insurance marketplace receive cost sharing reduction payments.

Earlier this year, Heitkamp cosponsored a bill to bring stability to the insurance marketplace by permanently appropriating the cost-sharing reduction payments and making cost-sharing reductions available to more individuals and families, reducing costs for families and ensuring access to care.

"This disheartening decision was about claiming a political win, not supporting American families," said Heitkamp. "Republicans and Democrats should want to make health care more accessible and affordable for families, but all that this move does is force families' health care premiums to jump by double digits, reduce access to care, and add almost $200 billion to the deficit. We already saw Medica leave the North Dakota insurance market just based on the threat that these payments wouldn't happen - now it's a reality. Several months ago, I cosponsored a bill to fix this problem so the administration couldn't take away North Dakotans' health care with the stroke of a pen. And over the past several weeks, I've been working with a bipartisan group of senators on some immediate fixes to the health care system - and these payments are at the top of our list. We need real, bipartisan solutions to improve health care for families and make sure every child has access to the affordable health care they deserve. Anything less is just wrong."

For months, the administration threatened to stop the cost sharing reduction payments - which help Americans afford health coverage. That uncertainty caused by the administration -- as well as House and Senate Republicans - has been creating instability in the insurance markets, threatening significant cost increases for consumers in 2018. Independent reports from the Congressional Budget Office and Standard & Poor's have said the insurance markets were expected to stabilize this year unless the administration causes disruptions. A CBO report from May stated that several factors could lead health insurers to leave the marketplaces, including uncertainty about the future of the cost sharing reduction payments which help reduce costs.

Over the past four and a half years, Heitkamp has been offering reasonable reforms that should be bipartisan to make the current health reform law work better for North Dakota families. Click here for a summary of the many proposals she has offered since 2013 to make health care more affordable and accessible. Over the past few months and weeks, she has been meeting with a group of Republican and Democratic senators led by Senator Lamar Alexander (R-TN) and Senator Patty Murray (D-WA), as well as governors, insurance commissioners, patients, and insurers, to talk about reforms to make the health reform law work better.

Since 2013, Heitkamp has also met regularly with her health care advisory board - comprised of health care leaders across North Dakota -- to talk with them about health care in the state and improving the health reform law.

Older

Initiative Petition Relating to Medicaid Expansion Approved for Circulation

Newer

New Senate Bill Would Put Cancer Care Out of Reach for Many

Advisor News

  • Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
  • Why client insurance needs could change even if their life doesn’t
  • Most Gen Z investors think less than a year ahead when making financial decisions
  • IRI pitches retirement agenda to Jeffries as democrats shape affordability platform
  • Help child-free clients plan for their later years
More Advisor News

Annuity News

  • Guidance, bulletin or reg? NAIC debates form of annuity illustration update
  • Nationwide adds mutual fund-linked strategy to New Heights Select FIA
  • NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
  • NAIC working group pressed to accelerate annuity illustration overhaul
  • State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
More Annuity News

Health/Employee Benefits News

  • Trump finally puts Obamacare to good use
  • Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
  • Investigators at Emory University School of Medicine Zero in on Medical Education (Disability prevalence, disclosure, and accommodation use in pediatric residency: results from a pilot study): Education – Medical Education
  • Trump has promised $500 health insurance rebates — but not in New Mexico
  • Illinois alerts more than 700,000 people they will or could lose public health insurance
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • AM Best Revises Outlooks to Negative for Kemper Corporation, Its Affiliates and Subsidiaries
  • WARREN PROBES RISE OF PRIVATE INVESTMENT FIRMS IN INSURANCE SECTOR FOLLOWING MARK WALTER SCANDAL
  • AM Best Affirms Credit Ratings of Erie Insurance Group’s Members and Erie Family Life Insurance Company
  • MIB reports double-digit life insurance app activity in record August
  • 42% of consumers are confused and unconvinced by life insurance
Sponsor
More Life Insurance News

NEWS INSIDE

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

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
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.