Breaking: Bipartisan Deal on Health Insurance Markets

Two senators have reached a deal to reinstate federal subsidies.

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Republican Senator Lamar Alexander and Democratic Senator Patty Murray have finalized a proposal to extend subsidies to insurers for two years.

The proposal gives states more of a say in implementation of rules set out by the Affordable Care Act (“ACA”).

What would the bill do?

Some of the things in the proposal include:

  1. Preservation for two years the payments made to insurers to help offset consumers’ out-of-pocket costs;
  2. Restoration of the $106 million in federal funding for outreach over the ACA’s open-enrollment season;
  3. More ability for states to get federal waivers from the ACA and a shorter federal review period to ease requirements for states attempting to get waivers; and
  4. The bill would expand eligibility to the ACA’s limits on bare-bones health-insurance plans that offer low premiums and high deductibles. People over 30 would have access to these without having to show economic hardship.

The proposal will be presented to Senate leaders, however the Republican leaders may or may not bring it to the floor for a vote.

President Trump has said that he would support a bipartisan bill that gave more flexibility over the ACA to the states.

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