Rep. Brady Advocates Funding For ACA Subsidies To Insurers.
The New York Times Share to FacebookShare to Twitter (6/8, Pear, Subscription Publication) reports that on Thursday, Rep. Kevin Brady (R-TX), chairman of the House Ways and Means Committee, said at a hearing that “Congress should immediately provide” funding for Affordable Care Act subsidies to insurance companies, “which have been demanding big rate increases or fleeing from Affordable Care Act markets because of President Trump’s threat to cut off the funds.” Brady stated, “We should act within our constitutional authority now to temporarily and legally fund cost-sharing reduction payments as we move away from Obamacare. … Insurers have made clear the lack of certainty is causing 2018 proposed premiums to rise significantly.”
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