Home News A Bipartisan Proposal Has Been Released To Stabilize ObamaCare Markets

A Bipartisan Proposal Has Been Released To Stabilize ObamaCare Markets

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A Bipartisan Proposal Has Been Released To Stabilize ObamaCare Markets

A bipartisan group of governors proposed on Thursday that Congress should retain ObamaCare’s individual mandate until there is a better replacement.

The compromise plan was created by Governors John Kasich of Ohio (R) and John Hickenlooper of Colorado (D).

The governors both acknowledged that the mandate is unpopular because it would require people actually to purchase health insurance or pay a fine.

Kasich and Hickenlooper wrote to both the Senate and Congress, “But for the time being it is perhaps the most significant incentive for healthy people to enroll in coverage. Until Congress comes up with a better solution — or states request waivers to implement a workable alternative — the individual mandate is necessary to keep markets stable in the short term.”

Six other states signed the plan: Alaska, Louisiana, Montana, Nevada, Pennsylvania and Virginia.

There will be several bipartisan hearings this coming week to determine if the plan can stabilize and strengthen the individual insurance market.

Kasich and Hickenlooper also proposed that The Trump Administration should commit to funding key cost sharing reduction (CSR) payments to insurers. The administration, however, has repeatedly said they would not provide funding.

According to Kasich and Hickenlooper, the National Association of Insurance Commissioners, the National Governors Association, and the United States Chamber of Commerce have labeled the payments “as an urgent necessity.”

The Congressional Budget Office estimates premiums would rise 20-25 percent and increase the deficit by $194 billion over ten years if the payments are not made.

Check out the following video to hear Kasich and Hickenlooper speak about their new health care plan in a CNN interview…

What are your thoughts? Do you think this proposed plan will stabilize Obamacare markets? Is a repeal of Obamacare what we need?

Please feel free to leave a comment below!

Credit: The Hill

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