Statement on cost sharing reduction payments for health care consumers

WASHINGTON — America’s Health Insurance Plans, American Academy of Family Physicians, American Benefits Council, American Hospital Association, American Medical Association, Blue Cross Blue Shield Association, Federation of American Hospitals, and U.S. Chamber of Commerce together issued the following statement in response to recent remarks made by the Administration on the funding of cost-sharing reduction (CSR) benefits, which directly benefit health care consumers.

“Cost-sharing reductions are used to help those who need it most — low- and moderate-income consumers. These funds, which are built into their benefits, reduce their out-of-pocket costs such as copayments and deductibles when they receive care. Without these funds, consumers’ access to care is jeopardized, their premiums will increase dramatically, and they will be left with even fewer coverage options.