Dr. Ruiz Slams Impact of Eliminating Funding for Cost Sharing Reductions
Palm Desert, CA – Today, Representative Raul Ruiz, M.D. (CA-36), a member of the Energy and Commerce Committee, responded to the non-partisan Congressional Budget Office analysis, which found that if the Trump administration refuses to fund Cost Sharing Reductions (CSR) subsidies that help patients pay for co-pays and deductibles, premiums in silver plans would rise by 25 percent by 2020 and market instability would increase.
“Yet again, experts confirm the deeply harmful impact on patients if Cost Sharing Reductions subsidies are not funded, which the Trump administration has repeatedly threatened. These subsidies help American families afford critical care like doctor visits and prescriptions, and if they are not funded, premiums will skyrocket an average of 25 percent. The administration must stop actively undermining our health care system for political gain. That’s why Congress must return to Washington immediately and pass my Marketplace Certainty Act that will permanently fund CSRs. Passing my bill now will end the uncertainty that is harming patients and destabilizing the Marketplace before rates are set in September.”
Dr. Ruiz introduced H.R.3258, the Marketplace Certainty Act, last month, a bill that would permanently fund Cost Sharing Reductions subsidies to help ensure cost of health care doesn’t skyrocket for American families and bring stability to the Marketplace. Click here to learn more about the Marketplace Certainty Act.