Proposed Legislation May Lower Individual Premiums by 40%
March 20, 2018 - Senator Lamar Alexander (R-TN), Senator Susan Collins (R-ME), House Energy and Commerce Committee Chairman Greg Walden (R-OR) and Representative Ryan Costello (R-PA) have proposed legislation that aims to lower individual health plan premiums by 40 percent.
The Bipartisan Health Care Stabilization Act of 2018 is a proposed addition to an omnibus spending bill. The healthcare bill includes suggestions for a federal reinsurance program, cost-sharing reduction (CSR) funding, and new state flexibility to develop stable insurance markets.
The GOP leaders are optimistic that the bill will allow Democrats and Republicans to agree on state and federal fixes to address rising individual premiums.
“Our recommendations are based upon Senate and House proposals developed in several bipartisan hearings and roundtable discussions,” the lawmakers said.
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