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Bipartisan Bill Would Reduce Deficit

Published on October 26th, 2017

Mic reported that the nonpartisan Congressional Budget Office concludes that the Bipartisan Health Care Stabilization Act of 2017 intended to stabilize the individual health care marketplace created by the Affordable Care Act would actually reduce the deficit by $3.8 billion over the next 10 years.  The bill, drafted by Sens. Lamar Alexander (R-Tenn.) and Patty Murray (D-Wash.) and co-sponsored by other Republican and Democratic senators, would fund the cost-sharing reduction subsidy payments to insurers that President Donald Trump refused to pay.

“Implementing the legislation would reduce the deficit by $3.8 billion over the 2018 to 2027 period,” the CBO report says, adding that “the legislation would not substantially change the number of people with health insurance coverage.”

The bill would also increase funding for outreach to enroll people into the individual health care marketplace, and would make it easier for states to receive waivers from ACA regulations.

Insurance companies blame Trump’s refusal to pay the cost-sharing reduction subsidies for the increased cost of insurance premiums for Americans.

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