Top Republican seeks action now to steady insurance markets
"We should act within our constitutional authority now to temporarily and legally fund (subsidy) payments as we move away from Obamacare," Brady said at a budget hearing. He and his
"Insurers have made clear the lack of certainty is causing 2018 proposed premiums to rise significantly," added Brady. That's also a midterm election year, in which every seat in the Republican-controlled House and 33 seats in the
Among those insurers is
Others have cited uncertainty as reason to exit markets like HealthCare.gov, which serve about 12 million people. This week insurer Anthem said the problem was part of the reason it will leave the
President
Testifying on
"I'm limited in what I can say," Price explained, citing the still-pending lawsuit.
Price told lawmakers that Trump's budget reflects continued payment of the subsidies for the next two years. A
Brady, who issued Thursday's call to action, is one of the main authors of the
An aide said Brady believes
The insurance industry says it's still waiting for a clear answer. "We continue to need certainty about future funding," said Kristine Grow, a spokeswoman for
The Obama health care law provides two kinds of government subsidies to help people with modest incomes purchase private insurance. Premium subsidies help reduce monthly expenses to maintain a policy. Cost-sharing subsidies help consumers use their insurance when they need medical care. The subsidies, which the government pays directly to insurers, can reduce a deductible of several thousand dollars to just a few hundred for low-income people.
Associated Press Health Writer


CBIZ Acquires Top Private Equity Consulting Firm CMF Associates, LLC
A year after it passed, California’s right-to-die law still faces challenges
Advisor News
- The 6X Formula for leveraging content marketing with AI
- When a home becomes difficult to insure, the plan changes
- The inheritance gap: Helping clients plan for money that hasn’t arrived
- After the midterms: Addressing your clients’ tax concerns
- Berkeley arts tax heads toward passage while public bank measure looks likely to fail
More Advisor NewsAnnuity News
- DOL, trade groups, state AGs file briefs supporting Alcoa in PRT lawsuit
- John Hancock launches new fixed indexed annuity suite
- Annuities to play a larger role in workplace retirement plans
- FHLBank Pittsburgh Announces Results in 2026 Board Election
- Regulators advance shorter, streamlined annuity buyers guide
More Annuity NewsHealth/Employee Benefits News
- High costs limit rural Nebraskans’ access to health care
- Medicare is already reading your 2026 tax return
- LUJAN, WARNOCK LEAD BROAD COALITION OF SENATORS TO PUSH SENATE LEADERSHIP TO DELAY REPUBLICAN MEDICAID CUTS OVER CONCERNS ABOUT COVERAGE LOSS
- WARNOCK LEADS BROAD COALITION OF SENATORS TO PUSH SENATE LEADERSHIP TO DELAY REPUBLICAN MEDICAID CUTS OVER CONCERNS ABOUT COVERAGE LOSS
- What happens when Medicare coverage begins
More Health/Employee Benefits NewsLife Insurance News
- Military Briefs: November 12-18
- Security Benefit Series B Preferred Stock Dividend Rate Resets to 10.286%
- FHLBank Pittsburgh Announces Results in 2026 Board Election
- New Jackson Study Finds the "Sandwich Generation" Squeeze Comes from More Than Two Sides and It’s Quietly Draining Retirement Savings
- Samsung Fire & Marine Insurance to Acquire Outstanding Stake in Canopius with KKR and KIC
More Life Insurance News