OPINION: Reimbursement pools in these 7 states significantly reduced Obamacare premiums. The rest of the country should take note.
In 2019, seven U.S. states tried an innovative experiment to improve the Affordable Care Act by operating reimbursement pools, which pay back ACA insurers a specified portion of their expensive health-care claims.
The seven states were Alaska, Maine, Maryland, Minnesota, New Jersey, Oregon and Wisconsin. They were motivated to try reimbursement pools because they had few insurers offering policies on their ACA exchanges and/or the premiums on individual policies were rapidly rising.
The cost of Minnesota’s reimbursement pool was financed partly by a “pass-through” payment of $84.7 million from the federal government to the state in 2019. This payment represented the reduction in federal subsidies, required by the ACA to be provided to low and moderate-income families buying health-care policies on the ACA exchange in Minnesota.
The calculation of the benefits of a state’s reimbursement pool to subsidized policy holders on its ACA exchange is more complex. Under the ACA, low- and moderate-income families pay only a prescribed percentage of their income for policies bought on ACA exchanges. This percentage is calculated on the assumption that these families will buy a middle-level silver policy, rather than a gold policy with more health-care benefits or a bronze policy with fewer benefits.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pompeo accuses Iran of undermining Afghanistan peace effortsU.S. Secretary of State Mike Pompeo on Tuesday accused Iran of working to thwart...
Read more »
Will Supreme Court expedite Obamacare lawsuit?The Supreme Court is asking the Trump administration and conservative states to respond to Democrats' request to expedite a case that could strike down Obamacare
Read more »
Uber passengers can now choose ‘favorite drivers’ in CaliforniaUber is letting users in California choose “favorite drivers” as part of a set of changes designed to put the company in line with a new state law about gig work.
Read more »
Meet the 5 buzziest startups turning carbon emissions into profit - Business InsiderInvestors led by Bill Gates and Kleiner Perkins have poured more than $500 million into carbon-capture tech. Meet the 5 buzziest startups that are turning harmful emissions into fuel and other products.
Read more »
Opinion | Pompeo Explains the Iran PolicyFrom WSJopinion: Trump and Pompeo seem determined to go on reshaping American foreign policy right up through the November election and beyond, writes wrmead
Read more »
Orange Is the New Black, According to Street Style at London Fashion Week Men'sThe bolder, the better.
Read more »