WASHINGTON, DC – The American Health Care Act (AHCA) provides a solution to help repair the insurance market damaged by Obamacare and provide more affordable coverage options to consumers: The Patient and State Stability Fund. This fund provides states $100 billion over 10 years to promote innovative solutions to lower costs and increase access to health care for their unique patient populations.
The goal is simple – to provide states with maximum flexibility in how they address the cost of care for their citizens. “Many of the stability funds may be used to improve affordability and access to coverage in the individual market specifically,” explains Avalere. “The AHCA provides states with options for how to use the funds, including providing financial assistance for high cost individuals, incentivizing insurer participation in their markets, reducing the cost of insurance, promoting access to preventive services, and reducing out-of-pocket costs for patients”
Avalare also noted, “In its recent score of the AHCA, the Congressional Budget Office (CBO) estimated that a combination of the Stability Fund and other changes in the market would reduce premiums by 10 percent below current law projections by 2026.”
Avalere details the country’s funding levels under the Patient and Stability Fund, which are on a per capita basis and not the size of a state’s individual market.
We all want patients to have access to high-quality, affordably-priced health coverage. The Patient and State Stability Fund can help states lower costs and increase access to high-quality health care for their citizens.
Sounds like a win.