Congress must stabilize the individual market
Senators Lamar Alexander (R-TN) and Patty Murray (D- WA) created a bipartisan bill last year to improve health insurance markets. The deal allocates funds for cost-sharing reductions, which reduce out- of-pocket costs for low-income beneficiaries. The senators’ bill is a welcome step to stabilizing the individual markets. The Administration previously announced its intention to slash funds for CSRs. That action, though, would skyrocket premiums for low-income beneficiaries and price some out of coverage, further eroding the individual market. Continuing CSR payments is a critical step….
