A non-profit 501(c)(3) premium and copayment foundation
In this week’s Health Reform Update, Senator David Vitter (R-LA) and Rep. Bill Cassidy (R-LA) continue to push the Centers for Medicare and Medicaid Services (CMS) to formally clarify that non-profit charities like PSI can assist with premiums and cost-sharing for Marketplace plans. CMS fends off Republican challenges against reinsurance payments for Marketplace carriers that incur substantial losses. Two leading House Democrats demand hearings on the impact of a costly new Hepatitis C drug upon Medicare Part D.
CMS data shows that health insurance subsidies provided by the Affordable Care Act (ACA) reduced the average cost of plans offered in federally-facilitated Marketplaces to $82 per month. An Avalere Health study confirms that average premiums are likely to rise next year by roughly eight percent, which is less than initially feared and fairly consistent with increases before the ACA. Separate studies found that 57 percent of Marketplace enrollees were previously uninsured, while uncompensated care costs have already dropped by 30 percent in states that expanded Medicaid under the ACA.
You can find the full Health Reform Update here! If you’re interested in Advocacy you can also join the PSI Patient Coalition.