Reinstate Obamacare Subsidies, State Official Says

Obamacare plans that cover people with expensive claims should be given subsidies for the next five years to stabilize the exchange markets, a state insurance commissioner who will testify before a Senate committee told Bloomberg BNA.

Congress should reinstate the Affordable Care Act reinsurance program that was in effect from 2014-2016 in addition to funding subsidies to reduce out-of-pocket costs for low-income people, Washington Insurance Commissioner Mike Kreidler, a Democrat, said Aug. 24. The Senate Committee on Health, Education, Labor and Pensions has scheduled hearings Sept. 6 and 7 on stabilizing the ACA exchange markets in 2018. Tennessee Insurance Commissioner ...