Mississippi Insurance Commissioner Mike Chaney says Washington needs to stop dictating a “one-size-fits-all” approach to how Americans obtain health insurance. He also believes competition in the marketplace will make obtaining healthcare and health insurance easier for Mississippians.
According to the new plan put forth by Republicans in Congress, the American Health Care Act intends to dismantle the effects of Obamacare, while easing the burden of obtaining health insurance for employers and uninsured or under-insured Americans.
Here’s what the combined legislation intends to do:
Establish a Patient and State Stability Fund, which provides states with $100 billion to design programs that meet the unique needs of their patient populations and help low-income Americans afford health care.
Modernize and strengthen Medicaid by transitioning to a “per capita allotment” so states can better serve the patients most in need.
Empower individuals and families to spend their health care dollars the way they want and need by enhancing and expanding Health Savings Accounts (HSAs)—nearly doubling the amount of money people can contribute and broadening how people can use it.
Help Americans access affordable, quality health care by providing a monthly tax credit—between $2,000 and $14,000 a year—for low- and middle-income individuals and families who don’t receive insurance through work or a government program.
The proposal also intends to provide Americans who do not receive insurance through work or a government program with an advanceable, refundable tax credit so they can access a plan that’s right for them.