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Insurers, providers call on Congress to reestablish reinsurance, cost-sharing reduction payments

Enacting both legislative provisions could lower premiums by up to 27 percent in 2019, the letter said.

Susan Morse, Senior Editor

America's Health Insurance Plans and the American Hospital Association are among eight organizations to ask Congress to move forward with bipartisan legislation to reestablished reinsurance and cost-sharing reduction payments to insurers to lower premiums.

"We are asking that they include this legislation in the omnibus appropriations bill that Congress needs to act upon by March 23" they wrote Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, House Speaker Paul Ryan and House Minority Leader Nancy Pelosi.

Both CSRs and reinsurance were measures in the Affordable Care Act established to help insurers which suffered losses in the ACA market, and to pass along savings for lower deductibles and out-of-pocket costs to consumers.

According to independent analyses by Avalere Health and Oliver Wyman, enacting both legislative provisions could lower premiums by up to 27 percent in 2019 and increase enrollment and expand coverage to as many as 1.7 million Americans, the letter said.

Twitter: @SusanJMorse
Email the writer: susan.morse@himssmedia.com

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