Senators Propose Bipartisan Compromise To Restore Insurance Subsidies
Wednesday, October 18th, 2017 Legislation & Regulation Life & HealthPresident Trump recently announced that he was pulling the plug on $7 billion a year in federal cost-sharing subsidies to insurance companies selling individual policies to lower-income Americans, but today a pair of influential senators announced a bipartisan compromise that, if approved, would restore those payments for two years, while also giving states more flexibility with rules under the current law. These subsidies, which are paid out monthly by the federal government, are part of the 2010 Affordable Care Act and are intended to keep out-of-pocket expenses — like co-pays and deductibles — low, particularly for Americans making between 100% and 250% of the federal poverty line.
External References & Further Reading
https://consumerist.com/2017/10/17/senators-propose-bipartisan-compromise-to-restore-insurance-subsidies/
