Iowa Asks U.S. For Obamacare Help Facing ‘Collapse’ Of Market

  • State’s ‘stopgap measure’ would fund subsidize basic plan
  • Plan would reallocate millions of dollars to prop up markets

Facing what it called a “collapse” of its Obamacare market next year, Iowa is asking the Trump administration to let it reallocate millions of dollars and create a stopgap program that would provide health insurance options for 72,000 Iowans covered by the Affordable Care Act.

Under the proposal made public on Monday, the state would use $352 million in federal money to provide backup funding for insurers and overhaul Obamacare’s subsidies for consumers next year. The state would also create a single standardized plan that insurers would offer.

…continue reading

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