Why the House Repeal Bill Is Unlikely to Stabilize Insurance Markets

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<p>To help steady the insurance market during a time of change, the Affordable Care Act (ACA) included a number of “risk stabilizers,” such as a reinsurance program to help insurers cover high-cost enrollees. However, as Washington and Lee University School of Law's Timothy Stoltzfus Jost observes on <em>To the Point</em>, unlike Medicare Part D, which still has its stabilizers 11 years later, the ACA’s risk-management programs were temporary. And insurance markets have not been entirely stable. </p><p>According to Jost, the American Health Care Act introduced into the House of Representatives this week depends on a vigorous individual health insurance market, but the bill removes the ACA’s prime stabilizer—the requirement that people purchase health insurance or pay a penalty. </p>

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