Following Letter from Senator Hassan and Colleagues, Trump Administration Backs Off Reported Plans to Increase Health Insurance Costs for Older Americans

Following Letter from Senator Hassan and Colleagues, Trump Administration Backs Off Reported Plans to Increase Health Insurance Costs for Older Americans

Senators Carper, Brown, Klobuchar and Gillibrand Joined Hassan Letter Objecting to Reported Plan to Let Insurance Companies Charge Older Americans More than Allowed under ACA

WASHINGTON - Following a letter from Senator Maggie Hassan (D-NH) and several of her Senate colleagues, the Trump Administration today announced that it is backing off its reported plans to make changes to the Affordable Care Act (ACA) that would increase health insurance costs for older Americans.

"While I am encouraged that the Trump Administration has listened to my call to drop its reported plans to increase health insurance costs for older Americans, this proposed rule still puts insurance companies ahead of consumers," said Senator Maggie Hassan. "Although today's proposed rule doesn't include the harmful age rating proposal that I opposed, it still fails to protect consumers. It is the push to repeal the Affordable Care Act without a plan for how to replace it that is causing instability and chaos in the market, and this proposed rule will not address that dynamic."

In a letter to Health and Human Services Secretary Tom Price, Senators Hassan, Tom Carper (D-DE), Sherrod Brown (D-OH), Amy Klobuchar (D-MN) and Kirsten Gillibrand (D-NY) called on Secretary Price to drop the Trump Administration's reported plan to loosen the age rating requirement in the Affordable Care Act (ACA), which would have the direct impact of increasing health insurance costs for older adults on the non-group market without also expanding advance premium tax credits.

###