CMS Acts on Committee Priority to Help Stabilize the Market
WASHINGTON, DC – Obamacare has a long list of failures and #BrokenPromises. House Republicans, working with the Trump administration, are giving patients relief from markets that have been damaged by Obamacare.
While we’ve been working to implement longer-term solutions to rebuild our health markets, the Trump administration just acted to help provide some short-term stabilization of the individual insurance market.
Under Obamacare, certain patients are allowed to enter HealthCare.gov and state exchanges outside of the defined Open Enrollment Period (OEP). Special Enrollment Periods (SEPs) are an important tool for patients who may lose health insurance outside of the traditional OEP or experience a life event — like moving, having or adopting a child, or getting married.
Under the health care law, it is required to verify documentation for individuals enrolling with SEPs. However, the Obama administration set a precedent, allowing for coverage without verification.
Committee member, Rep. Marsha Blackburn (R-TN), introduced H.R. 706, the Plan Verification and Fairness Act, to correct this problem. H.R. 706 would reinstate the required verification for individuals who wish to enroll under SEPs. But before Congress acted, the Trump administration did the right thing to protect taxpayers.
This is an important step by CMS, and one that will help stabilize the marketplace.