CMS Approves PA Reinsurance 1332 Waiver, NH On Deck

CMS has approved Pennsylvania’s request for a state innovation waiver to establish a five-year reinsurance program, starting in 2021, that is expected to reduce rates by an average 4.6% and increase enrollment by .05% each year. The agency is also reviewing New Hampshire’s application. Governor Tom Wolf (D) announced the approval of the Pennsylvania Reinsurance program (PA Re) on July 24, stressing the fund will reduce costs for non-subsidized Pennsylvanians as well as lower federal spending on subsidies. “These savings...