House Republicans are proposing a last-minute change to their health bill that would pay back insurers who cover sick, expensive patients, and that's essentially a less-generous version of a program under Obamacare.
The GOP proposal, called the Federal Invisible Risk Sharing Program, would give health insurers $15 billion over a decade to subsidize the care of high-cost patients, helping lower premiums for everyone.
"The cost is $15 billion and it is concentrated in the first three years until the states take over," said Representative Kevin Brady, a Texas Republican who leads the Ways and Means Committee. "Unlike high-risk pools where individuals are separated into their own pool, this amendment promotes risk sharing among insurers."
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
