Health Plans Issue Joint Statement Regarding Funding For Cost-Sharing Reduction Benefits For Millions Of Americans

by Kristine Grow

October 13, 2017

Washington, D.C. – America’s Health Insurance Plans (AHIP) and Blue Cross Blue Shield Association (BCBSA) together issued the following statement in response to the Administration’s decision to end funding for cost-sharing reduction (CSR) benefits for nearly 6 million Americans:

“Millions of hard-working Americans with modest incomes depend on cost-sharing reduction (CSR) benefits to get access to medical care. These benefits help real people every day, and if they are ended, there will be real consequences. These payments are not a bailout – they are passed from the federal government through health plans to medical providers to help lower costs for patients who see a doctor to treat their cancer or fill a prescription for a life-saving medication.

“We need constructive solutions that increase consumer choice, lower consumer costs, and stabilize local markets. Terminating this critical program will do just the opposite. This action will make it harder for patients to access the care they need. Costs will go up and choices will be restricted.

“We are committed to pursue every possible path to ensure that all Americans who depend on these benefits can continue to get the care they need when they need it.”