Governor Steve Bullock today criticized the White House’s announcement that it will end the Cost-Sharing Reduction payments and called on Congress to take immediate action to stabilize the insurance market.
"Abruptly ending Cost-Sharing Reduction payments is an irresponsible and unnecessary move that will negatively impact nearly half of all Montanans enrolled in the marketplace. The actions coming out of our nation's capital in the last couple days are causing significant challenges for those of us on the ground actually dealing with the consequences,” said Governor Bullock. “Congress must take action to fund the Cost-Sharing Reduction payments immediately and then start making a real effort to work with states to find real solutions to lower costs, stabilize the market, and positively impact coverage and care."
Approximately 43% of marketplace enrollees in Montana currently depend on Cost Sharing Reduction payments to make their out-of-pocket costs affordable. Over 25,000 Montanans receive an average of $1,147 each year from the payments, saving Montanans $40 million overall on health care costs in 2016.