The Blue Cross Blue Shield Association is urging Congress to boost the Affordable Care Act marketplace, both by increasing subsidies for individual health plans and putting in place a reinsurance program to protect participating health plans.
For starters, according to a report the group has prepared, Congress should revise the existing tax credits to lower premiums for those purchasing individual or family health plans through the ACA exchange. Currently, those up to 400 percent of the federal poverty level are eligible for tax credits. The report proposes that they be reconfigured so that no customer spend more than 12 percent of their income on health care.
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.