|
Rent-seeking Insurance group urges Congress to boost SoetoroCare subsidies
[The Hill] The federal government should expand ObamaCare subsidies for low income people to reduce premiums, a health insurance group said Thursday.According to the Blue Cross Blue Shield Association (BCBSA), expanding the tax credits to give more financial assistance would help reduce premiums and ensure more people get covered. The proposal would also impose a cap on how much a household can spend on premiums, so coverage would be more affordable. The group also wants to create a national reinsurance program to reduce premiums by helping insurance companies pay claims for high-cost patients. The proposal echoes past stalled legislative efforts to stabilize the ObamaCare markets, and comes the day after House Democrats introduced "Medicare for all" legislation. A bill introduced in 2017 by Sens. Lamar Alexander (R-Tenn.) and Patty Murray (D-Wash.) would have funded a reinsurance program and three years of the subsidies for insurers. But talks between Democrats and Republicans were derailed over a disagreement about the bill's treatment of abortion coverage. Posted by: Besoeker 2019-03-01 |
| http://www.rantburg.com/poparticle.php?ID=535499 |