Statement by NCHC President and CEO John Rother following the Administration’s decision to end Cost-Sharing Reduction (CSR) payments
“It’s now up to Congressional leadership to avert an immediate and massive cost-shift onto taxpayers and consumers.
“The Congressional Budget Office has projected that ending CSR payments would increase federal spending by $201 billion over the next ten years, spike consumer premiums by 20% next year, and drive plans out of the market. Last night’s announcement from the Administration could upend private insurance markets across the country just days before open enrollment.
“Senator Lamar Alexander (R-TN) and Senator Patty Murray (D-WA) are working in good faith on a targeted legislative solution. But unless leadership on both sides of the Capitol get behind that effort, taxpayers and consumers will soon pay a heavy price.”