MD Legislators Shore Up Health Insurance Exchange

Mar 20, 2018

Credit Jasleen Kaur / creative commons

ANNAPOLIS, Md.(AP)- Maryland's House of Delegates has approved legislation to help prevent the collapse of the Maryland Health Care Exchange's individual market.

The House passed the second of two bills that are part of the plan on Monday.

The measures would use about $340 million that health insurance companies and managed care organizations won't have to pay in taxes due to the federal tax overhaul. The money will be used to keep rates down over the next year and create a pathway to a long-term solution through reinsurance, which protects insurers against very high claims.

The Senate also has advanced legislation and is scheduled to take the measures up Monday night.