A coalition of prominent health care and business associations, including the Federation of American Hospitals, sent a letter today to Congressional leaders asking that they take action to lower health care premiums.
The group sent a similar message to Capitol Hill earlier this month, but the message is more urgent now because as they wrote – “Time is running out.”
Congress is working on an omnibus appropriations bill that it must act on by Friday, March 23rd. The coalition is urging leaders to make sure the legislation includes elements that that will reduce premiums, improve affordability, and improve the individual market for 2019 and beyond, such as:
- Establishing a premium reduction/reinsurance program to help cover the costs of people with significant health care needs.
- Providing multi-year funding for cost-sharing reduction (CSR) benefits.
The letter highlights recent analysis that shows taking these actions could lower premiums by up to 21% in 2019 and increase enrollment and expand coverage to over 1.5 million Americans.
You can find a complete copy of the letter here.
It was signed by FAH, AHA, America’s Health Insurance Plans, American Academy of Family Physicians, American Benefits Council, American Medical Association, Blue Cross Blue Shield Association, and U.S. Chamber of Commerce.
The letter was sent to Senate Majority Leader Mitch McConnell (R-KY), Senate Minority Leader Chuck Schumer (D-NY), Speaker Paul Ryan (R-WI) and House Minority Leader Nancy Pelosi (D-CA).