As health care reform legislation continues to be discussed in Washington, Obamacare remains the law on the books. Time doesn’t stop for Washington, and right now, health plans are preparing their offerings to be sold on the Obamacare exchanges in 2018.
One part of the Affordable Care Act is “cost sharing reductions” (CSRs). CSRs are important for stabilizing the exchanges. The New York Times explains that without them, "insurance markets could quickly unravel. Even more insurers could withdraw from the public marketplaces where more than 10 million Americans obtained coverage last year."
For a deeper dive into what this could mean for consumer and insurers, read this piece from The Commonwealth Fund.
The Trump administration has sent mixed messages on if it will continue funding the CSRs. In response, groups representing insurers, physicians, hospitals, and employers (including the U.S. Chamber) sent letters to President Trump and Congress, urging both to ensure CSR funding. The situation will be dire if they don’t:
Americans relying on the exchanges shouldn’t have their health plans disrupted and coverage in jeopardy while Washington debates future health care legislation. Congress and the President must act to protect the individual market from collapsing. Failing to fund these CSRs would be irresponsible, as this infographic illustrates.
About the authors
Former Senior Digital Director
Michael is the former Senior Digital Director at the U.S. Chamber of Commerce.