Sununu asks Trump for waiver to cut individual health care costs
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A federal waiver request to President Donald Trump’s administration could result in nearly $45 million in savings and could lower health care premiums by 15% for people who get insurance coverage in the individual market, Gov. Chris Sununu announced.
This change came from the compromise, two-year state budget that called on the Insurance Department to ask federal authorities if it could create a state-based reinsurance program.
The agency estimates this plan would save the federal government from having to pay out $31.1 million in advance premium tax credits. The state’s share of these credits is equal to $13.5 million.