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Tuesday, March 13, 2018

Pending legislation to hold down healthcare costs
Health care experts at Oliver Wyman released an analysis Monday showing that the passage of a proposal based on the Alexander-Murray Bipartisan Health Care Stabilization Act and the Collins-Nelson Lower Premiums Through Reinsurance Act will lower premiums. People in the individual market will pay 40 percent less than they will if Congress doesn’t act. The move also would provide insurance coverage to an additional 3.2 million individuals. The analysis is based on a proposal that would fund temporary payments to reduce out-of-pocket costs for low-income Americans in the individual market. It also factored in increased flexibility for states that seek to use waivers under the Affordable Care Act. “This analysis from the experts at Oliver Wyman further demonstrates that our bipartisan proposals will help drive down premiums in the individual market and make health insurance more affordable for millions of Americans,” said Senator Lamar Alexander, the Chairman of the HELP Committee. The analysis found that the lower rates would benefit all plan levels on the exchanges.


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