Dr. Ruiz Slams Administration’s Decision to Pull Cost Sharing Reduction Subsidies
Washington, D.C. – Today Representative Raul Ruiz, M.D. (CA-36), a member of the Energy and Commerce Committee, released the following statement regarding the administration’s announcement that they will stop funding critical Cost Sharing Reduction subsidies.
“The Trump administration's decision to end Cost Sharing Reduction (CSR) subsidies will further destabilize the health insurance market, leading to a significant increase in premiums for patients and fewer options due to insurance companies abandoning the exchanges. Intentionally hurting the American people for political gain is shameful. Seven million Americans rely on these subsidies to afford doctor visits and critical medications. Congress must come together to bring down the high cost of premiums, stabilize the market through reinsurance programs, fund CSRs, and provide more insurance options with robust coverage. We can start by immediately passing my Marketplace Certainty Act, which will permanently fund these subsidies and stabilize the Marketplace.”