Governors, State Insurance Commissioners To Testify on Ways To Shore Up ACA Markets

Governors and state insurance commissioners plan to testify before the Senate’s Health Committee on September 6 about ways to stabilize the ACA market exchanges. The chairman of the committee, Republican Sen. Lamar Alexander, said in a statement: “At these hearings, we will hear testimony from state insurance commissioners and governors—those closest to the problem—on steps Congress can take to help make insurance available at affordable prices. Any solution that Congress passes for a 2018 stabilization package will have to be small, bipartisan and balanced.”

As the Hill reports, premiums on many state exchanges have skyrocketed because too many younger people have elected not to get insurance. Also, there continues to be doubt about the future of the health care subsidies that enable insurers to cover sicker and older beneficiaries. President Trump has signaled that he may stop those subsidies which would, in effect, kill the ACA. The subsidies have been continued on a month-by-month basis.

Source: The Hill