O'Halleran Statement on Health Insurance Market Sabotage
WASHINGTON – Today, Congressman Tom O’Halleran (AZ-01) released a statement regarding the Administration’s decision to halt billions of dollars in risk adjustment payments, potentially driving up insurance premiums for hundreds of thousands of Arizonans:
“The decision to end risk adjustment payments made by the Administration will hurt hardworking Arizona families who are struggling to make ends meet. Sabotaging the health insurance markets by injecting this kind of uncertainty into the system is irresponsible, and it is dangerous, particularly for Americans with pre-existing conditions. I urge the Administration to reverse this decision to undermine access to affordable coverage. We should be working on stabilizing the health insurance marketplace and bringing down health care costs for Americans.”
Over the weekend, the Trump administration announced that it would withhold $10.4 billion in risk adjustment payments, citing a district court ruling in New Mexico. The program pools risk for insurance companies, transferring funds from insurers who enroll healthier Americans to those who enroll sicker Americans. This prevents insurance companies from denying coverage to sicker enrollees or those with pre-existing conditions.