“There’s an urgent need to stabilize the market,” Ms. Handelman said. In light of President Donald Trump’s administration’s decision to eliminate the ACA’s mandate requiring most Americans to gain health insurance, she said “the single most important thing that can help offset that loss is dedicated funding for reinsurance.”
One piece of legislation, written by Rep. Ryan Costello, R-Pa., aims to provide reinsurance funding to help stabilize the market, according to the report. The bill would also issue funding for cost-sharing reduction payments, which the Trump administration moved to end Oct. 12.
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