If you are interested in taking your money and dumping it into ObamaCare, then you’d be interested in this new plan devised by a Democrat and moderate Republican.
Ohio Gov. John Kasich (R) and Colorado Gov. John Hickenlooper (D) on Thursday announced their plan for fixing Obamacare, which entails pumping more funds into the highly-debated legislation.
The plan calls for the creation of a separate fund from which states can draw to reimburse insurers for major losses.
The governors didn’t define the fund’s dimensions but pointed to a failed Obamacare repeal bill that would have given states $15 billion a year to address issues in Obamacare’s individual marketplaces.
“We recommend funding the program for at least two years and fully offsetting the cost so it does not add to the deficit,” according to a letter the duo released outlining the plan. The letter was sent a week before Congress returns and starts work on a bipartisan stabilization plan.
The plan offers other temporary solutions, such as boosting rural insurer competition by exempting the health insurance tax for any insurer that offers plans in counties that have only one carrier. It would also allow residents to buy into the Federal Employee Benefits Program, which gives rural residents the same healthcare access that federal workers get.
“While these proposals may be temporary solutions, they will help provide Americans with additional choices until other policies have improved the market dynamics,” the letter said.
The program isn’t all positive for small insurers who have criticized the risk adjustment program, which forces insurers with lower-risk enrollees to send payments to insurers with higher-risk customers.
Republican Gov. Brian Sandoval of Nevada, Independent Gov. Bill Walker of Alaska, and Democratic Govs. Tom Wolf of Pennsylvania, Terry McAuliffe of Virginia, John Bel Edwards of Louisiana, and Steve Bullock of Montana signed on to the letter.
Hickenlooper and Kasich have hinted at a possible 2020 bid.
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