Health insurance company Anthem Inc. endorsed Senate Republicans’ healthcare legislation Monday, which could go a long way in helping the GOP get their bill passed and into place.
Anthem is a part of The Blue Cross Blue Shield Association, one of America’s largest healthcare providers that also supports the bill’s efforts to stabilize the marketplace. The legislation would give $50 billion from a “stability fund” through 2021. Anthem already announced plans to withdraw from Obamacare in Ohio, Indiana and Wisconsin by 2018, according to Fox News.
“Based on our review, we believe the Senate discussion draft will markedly improve the stability of the individual market and moderate premium increases through substantial stability funding, appropriating cost sharing reduction funds, aligning premium subsidies with premium costs, and eliminating the health insurance tax which alone would result in a 3-5% premium decrease for our fully insured members,” Anthem told The Daily Caller News Foundation. “We are committed to working with our government partners now and into the future to navigate the challenges the current bill proposes to the Medicaid program, knowing how important it is to achieve the necessary funding and access to healthcare services and supports are for the individuals and families who rely on them to live healthy, meaningful lives in their communities.”
Blue Cross Blue Shield released a similar statement on their website Monday, saying, “We are encouraged that the proposed Senate health reform legislation includes several urgently needed and important steps to help make the individual market for insurance more stable and affordable in 2018 and 2019. These include strong incentives for people to stay covered continuously, funding the cost-sharing reduction program to help people with out-of-pocket costs and providing additional, dedicated funds to care for those with significant medical needs.”
A major healthcare provider’s support helps the GOP in trying to get this legislation passed. Republican Senate Majority Leader Mitch McConnell says that the bill could be up for a vote in the chamber this week before going into the July 4 recess.
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