Governors call on Trump, lawmakers to continue ACA cost-sharing subsidies

Governors from both sides of the aisle are calling for the continuation of ACA cost-sharing reductions to stabilize the individual insurance marketplace, reports Reuters.

The future of the cost-sharing reductions, which help insurers subsidize the cost of coverage for low-income Americans, remains uncertain. In light of recent failed efforts to repeal the ACA, President Donald Trump has threatened to end about $8 billion in subsidies, according to the report.

But the National Governors Association Health and Human Services Committee, led by Democratic Virginia Gov. Terry McAuliffe and Republican Massachusetts Gov. Charlie Baker, released a statement Wednesday urging the White House and lawmakers not to end the payments.

"The administration has the opportunity to stabilize the health insurance market across our nation and ensure that our residents can continue to access affordable healthcare coverage. A first critical step in stabilizing the individual health insurance marketplaces is to fully fund CSRs for the remainder of calendar year 2017 through 2018. This is a necessary step to stabilize the individual marketplaces in the short term as Congress and the administration address long-term reform efforts," the statement reads.

Governors also sent a letter to congressional leaders earlier this year urging Congress to continue funding the cost-sharing reductions.

President Trump is expected to make a decision on the cost-sharing subsidies this week.

 

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