Sununu asks Trump for waiver to cut individual health care costs
Click here to view this article at the source publication

Posted on 1/13/2020 by
Posted in

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.

« Back home