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Statement of ACAP CEO Margaret A. Murray on Congressional Budget Analysis of STLDI Law
FOR IMMEDIATE RELEASE: April 29, 2019
FOR MORE INFORMATION: Jeff Van Ness, (202) 204-7515,
jvanness@communityplans.net
STATEMENT OF ACAP CEO MARGARET A. MURRAY
ON CONGRESSIONAL BUDGET ANALYSIS OF STLDI LAW
Analysis: Regulation Adds $8.9 Billion to Federal Deficit
WASHINGTON—Margaret A. Murray, Chief Executive Officer of the Association for Community Affiliated Plans (ACAP), made the following statement on recent analysis from the nonpartisan Congressional Budget Office of H.R. 1010, a law which would prohibit implementation or enforcement of regulations allowing for enrollment of up to three consecutive years in short-term, limited-duration (STLDI) health plans.
The analysis found that rolling back the STLDI regulation would reduce the Federal deficit by $8.9 billion over the next decade, lower premiums in the individual market by about 1 percent, and result in 1.5 million fewer people purchasing STLDI plans.
“CBO’s analysis shows that STLDIs undermine the existing ACA marketplace, making coverage more expensive for people participating in those plans, and saddling taxpayers to the tune of nearly $9 billion.
“It also bears noting that CBO estimates that about 500,000 people who would no longer have an STLDI plan will go uninsured rather than gain coverage through Marketplaces or employers. We can’t take that lightly—it highlights the need to take on the challenges surrounding affordability.
“But merely paring back coverage and allowing the most insidious features of the individual market to return—such as exclusions based on pre-existing conditions and the practice of recission—is no solution at all.”
ACAP has filed suit against the Administration to stop the STLDI regulation.
About ACAP:
ACAP represents 66 health plans, which collectively provide health coverage to more than 20 million people in 29 states. Safety Net Health Plans serve their members through Medicaid, Medicare, the Children’s Health Insurance Program (CHIP), the Marketplace and other publicly-sponsored health programs. For more information, visit www.communityplans.net.