The
Centers for Medicare & Medicaid Services is looking for recommendations on
how to make it easier for carriers to sell health insurance across state lines.
In an announcement late Wednesday, CMS issued a request
for information on how to eliminate the regulatory, operational and financial
barriers that prevent carriers from selling coverage across state lines.
CMS' announcement comes after President Donald Trump
issued an executive order in October, “Promoting Healthcare Choice and
Competition Across the United States,” which aimed to increase competition and
consumer choice, with the goal of driving down rising health insurance
premiums.
Trump's executive order specifically instructs the
administration to make it easier for consumer to buy health insurance coverage
across state lines. CMS officials want obtain feedback from the public and
collect ideas on how to change the existing system. In particular, CMS
officials are interested in feedback on how states can take advantage of
Section 1333 of the Affordable Care Act, which provides for the establishment
of a regulatory framework that allows two or more states to enter into a Health
Care Choice Compact to facilitate the sale of health insurance coverage across
state lines.
CMS officials are is primarily looking for input on how the
agency can expand access to health insurance coverage across state lines and
understand the financial impacts of selling health insurance coverage across
state lines.
The public comment period will be open for 60 days.
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