Maryland Governor Signs Bills to Help Stabilize Health Care - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Maryland Governor Signs Bills to Help Stabilize Health Care

Posted: Apr 05, 2018 11:09 AM Updated:
Maryland Gov. Larry Hogan on Thursday signed measures to help stabilize health insurance rates in the Maryland Health Care Exchange's distressed individual market. (Photo: Larry Hogan Facebook page) Maryland Gov. Larry Hogan on Thursday signed measures to help stabilize health insurance rates in the Maryland Health Care Exchange's distressed individual market. (Photo: Larry Hogan Facebook page)

ANNAPOLIS, Md. (AP/WBOC)- Maryland Gov. Larry Hogan signed measures on Thursday to help stabilize health insurance rates in the Maryland Health Care Exchange's distressed individual market.

Hogan signed measures to create what's known as a reinsurance program, which protects insurers against very high claims. The exchange's board will need to apply for a federal waiver to create the program.

Hogan, a Republican, supports a separate bill that is part of an agreement with the Democrat-controlled General Assembly. It taps about $380 million that health insurance companies no longer have to pay in federal taxes due to changes in the federal tax code. The money will be used to keep rates down over the next year. That legislation had not yet reached the governor's desk, but lawmakers passed the bill Thursday afternoon. That measure could be signed as soon as next week.

Hogan thanked Democrats for working in a bipartisan manner to fix a problem that he said the federal government has failed to address.

“This problem should have been solved in Washington, but nothing has been done. Our team has been working on potential solutions for more than a year, and I want to thank the Speaker, the Senate President, and legislators from both parties for working together with us in a common sense, bipartisan manner to address this crisis head-on and to prevent these massive rate increases,” Hogan at a bill signing ceremony. “This is an example of what can be accomplished when we work together, and I’m proud to be signing these protections into law.”

State officials have expressed concern the health exchange's individual market could collapse amid shrinking enrollment and sharply rising costs, if nothing is done.

The measures were two of seven bills Hogan signed as the state's 90-day legislative session heads toward its scheduled end at midnight Monday.

The governor signed budget legislation that includes about $40 million in funding for school safety improvements.

Hogan also signed a bill that reaffirms the state's commitment to a regional partnership in fighting climate change known as the Regional Greenhouse Gas Initiative. The law prevents future administrations from withdrawing from the partnership without legislative approval.

 

 
User: Governor Larry Hogan To: link

 

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