Furthermore, he emphasized that he does not want insurance companies to receive more benefits from the bipartisan deal on Obamacare. “What I did say though is; I don’t want the insurance companies making any more money.” The President called the cost-sharing reduction (CSR) payments as a “gift” to insurance companies. He said the CSR payments brought the Democrats and Republicans together because of emergency for a short-term fix for Obamacare.
Bipartisan bill to stabilize Obamacare has 24 co-sponsors
Also on Thursday, Senate Health Committee Chairman Lamar Alexander (R-Tenn.) and Ranking Member Patty Murray (D-Wash.) introduced the bipartisan bill.
In a statement, the senators said the bipartisan legislation will extend the CSR payments to health insurers until 2019. It will protect consumers facing higher premiums thus year. The deal will also provide states significant flexibility to create greater choices among health insurance policies.
“The goal of this bipartisan legislation is to stabilize and then lower the cost of health insurance premiums,” said senators Alexander and Murray.
