Possible deal reached to fund insurance subsidies
By Admin | November 06, 2017
Senators Lamar Alexander, Republican of Tennessee, and Patty Murray, Democrat of Washington, have a bipartisan plan to to fund critical subsidies to insurers and hopefully stabilize the health insurance market in the wake of President Trump’s order to cut funding.
For two years, the plan would help provide short-term certainty to insurers, and help keep deductibles, co-payments and other out-of-pocket expenses down for low-income customers.
Without the subsidies in this plan, insurance companies are saying that premiums under the Affordable Care Act would rise, and many plans and companies would leave the market all together.
The deal has not passed, yet, and even if it does, rates could go up by double digits in many areas of the country.
For more about the plan,read “2 Senators Strike Deal on Health Subsidies That Trump Cut Off” by the New York Times.