Tom Brady (R-TX) seeks immediate action to stabilize markets.
“Insurers have made clear the lack of certainty is causing 2018 proposed premiums to rise significantly,” said Brady. That’s also a midterm election year, in which every seat in the Republican-controlled House and 33 seats in the GOP-controlled Senate are on the ballot. Nothing like a close election to focus the attention. The government should keep paying billions of dollars in “cost-sharing” subsidies that help low-income people with deductibles and copayments. The $7 billion is in question because of mixed signals from the Trump administration and a lawsuit originally filed by House Republicans. Read more in the Associated Press article in Modern Healthcare
Meanwhile in the Senate Finance Committee hearing on Trump’s proposed budget, HHS Secretary Tom Price was asked whether the administration plans to reimburse cost-sharing reduction payments to insurers. Price declined to answer and added “Nobody is cheering the challenges that we have in this system.” Read about the testimony in Morning Consult