Wisconsin Gov. Scott Walker, R, signed a bill Feb. 27 that would authorize the state to submit a waiver to the federal government to fund a reinsurance program, according to The Hill.
The reinsurance fund would cost nearly $200 million a year and cover 80 percent of medical claims costing between $50,000 and $250,000. The federal funding would cover 75 percent of the reinsurance costs.
"Our Health Care Stability Plan is our solution to Washington's failure; we want to provide healthcare stability and lower premiums for Wisconsin," Mr. Walker said in a press release.
Mr. Walker has historically opposed the ACA, and Wisconsin Democrats claimed his new stance is hypocritical.
"Today Gov. Scott Walker is trumpeting his election year attempt to disguise just how utterly damaging his years of fighting the Affordable Care Act have been and the toll Republican sabotage on healthcare has taken on Wisconsin families," the Democratic Party of Wisconsin said in a statement.