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Senate Committee Drafting Bill to Stabilize Insurance Markets

Image: Senate Committee Drafting Bill to Stabilize Insurance Markets
Sen. Lamar Alexander (Reuters)

By    |   Thursday, 14 Sep 2017 01:38 PM

The Senate's health committee expects to put together a bill to stabilize the insurance markets and clear the way for the full Senate to approve it by the end of the month.

Word of the plan comes from Sen. Lamar Alexander, R-Tenn., chairman of the Health, Education, Labor and Pensions Committee. His comments were reported by The Hill.

Insurers are facing a Sept. 27 deadline to sign contracts to sell plans on HealthCare.gov, The Hill reports. Open enrollment will begin Nov. 1.

According to the website, the stabilization package will likely include:

  • A provision to compensate insurers for reducing out-of-pock expenses of some Obamacare recipients
  • Permitting states more leeway to approve health insurance plans and prices

"I simply won't be able to persuade the Republican majority in the Senate, the Republican majority in the House, and the Republican president to extend the cost-sharing payments without giving states meaningful flexibility," Alexander said.

The effort is being pushed for bipartisan support on the committee, where Sen. Patty Murray of Washington is the ranking Democrat.

"People know the high respect I have for Sen. Murray," Alexander is quoted in the Seattle Times. "When she gets involved and tries to get a result, we usually get one."

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The Senate's health committee expects to put together a bill to stabilize the insurance markets and clear the way for the full Senate to approve it by the end of the month. Word of the plan comes from Sen. Lamar Alexander, R-Tenn., chairman of the Health, Education, Labor...
Senate, Bill, Insurance
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2017-38-14
Thursday, 14 Sep 2017 01:38 PM
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