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Ted Cruz Consumer Freedom Amendment Lowers Insurance Premiums, Boosts Enrollment, Says HHS Analysis

(WASHINGTON EXAMINER) — Sen. Ted Cruz plans to unveil to Senators at a White House meeting on Wednesday an analysis from the Department of Health and Human Services showing his healthcare Consumer Freedom amendment would lower costs and raise individual enrollment, including those considered “high risk.”

The report comes as President Trump attempts to revive talks on a healthcare bill that has failed to garner the support of 50 GOP senators, in part because they fear any change in Obamacare will reduce coverage and raise premiums.

“One way or another, this amendment is going to lower premiums and make people better off,” a source close to Cruz told the Washington Examiner.

The Congressional Budget Office, which said a previous version of the Senate healthcare bill would leave 22 million fewer Americans with insurance, has yet to release an analysis of the Cruz amendment, and Republicans had said they may rely on an analysis from Trump’s HHS instead.

Cruz, R-Texas, authored an amendment that would allow insurers to sell plans that do not comply with Obamacare mandates if they offer plans that do.

The goal was to lower health insurance premiums and raise participation, but the plan has scared off moderate Republicans, who fear it will leave those with pre-existing conditions without affordable coverage. Critics, including within the insurance industry, have argued that it would disrupt the market by creating two different regulatory regimes, and driving up the cost of insurance for sicker Americans, putting coverage out of reach.

But according to the analysis, obtained by the Washington Examiner, the opposite is true.

According to HHS, those likely to sign up for Obamacare-compliant Silver plans, presumably those who are considered high risk, would pay on average $380 per month in 2024, down from $845 per month projected under current law.

Please read more at the Washington Examiner

 

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