WASHINGTON, DC – Congresswoman Carol Shea-Porter (NH-01) released the following statement regarding President Trump’s announcement that he will order the federal government to stop making the Cost-Sharing Reduction payments it owes:
“Late last night, President Trump announced that he will torpedo the individual insurance market by ordering the government to stop making the Cost-Sharing Reduction (CSR) payments it owes. He is right to be so ashamed of this spiteful action he would only announce it in the dead of night. Stopping these payments won’t just hurt the lower-income people whose out-of-pocket costs are defrayed by CSRs, it will also hurt every one of the millions of Americans who buy their own coverage. That’s because insurance companies say they are going to charge everyone more to make up for the lost funding. Congress must act immediately to fund CSRs and protect our constituents from Trump’s vengeful and destructive actions.”
In 2016, 19,054 New Hampshire Marketplace enrollees benefited from cost-sharing reductions that helped keep deductibles, copayments, and coinsurance affordable for them and their families.
Shea-Porter is an original cosponsor of H.R.3748, the Medicare Buy-In and Health Care Stabilization Act, which would fund CSR payments and offer a public option to stabilize the individual insurance markets in the face of the Trump Administration’s ongoing sabotage.