Republicans propose billions in new Obamacare funding
by Kimberly Leonard
| March 19, 2018 01:35 PM
Congressional Republicans unveiled legislation on Monday that would funnel billions of dollars to Obamacare markets, and hope the provision can be attached to the long-term government spending that's due Friday.
The new bill would fund insurer payments known as cost-sharing reduction payments for three years, and offer $30 billion in reinsurance funds distributed evenly for three years. It includes more flexibility for states to implement changes to their healthcare systems and allows more people to buy plans that have lower premiums and higher deductibles.
An aspect of the bill that hadn't been previously disclosed specifies that health insurers would have to specify in their marketing materials that this type of coverage isn't as extensive as Obamacare plans, and allows states to set up their own regulations on these plans. The Trump administration has proposed these plans should be extended from three months, a limit set by the Obama administration in 2016, to as long as 364 days.
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https://www.washingtonexaminer.com/policy/healthcare/republicans-propose-billions-in-new-obamacare-funding