By Kate BrueggemannBloomberg via Getty ImagesHealth insurance companies can’t get much done in Washington without being able to count on the help of Congress, especially when it comes to keeping federal money flowing.
But a new study suggests they might be able to do a better job of cutting COVID, the coronavirus that’s sweeping the country, than they might ever hope to.
The Kaiser Family Foundation found that under the new system, health insurance companies will be able offer lower premiums and more coverage to people with higher medical bills and needs than under current plans.
“This is the most promising way to help those with the highest health needs,” said Robert Krempf, chief executive of the foundation, which funded the study.
The foundation said the new insurance model will likely be more affordable for lower-income people.
But it’s not clear if it will lower the overall costs for health insurance or just lower the premiums that insurers will have to pay for people with high medical bills.
The new system will also help lower the cost of covering people with chronic conditions.
It will be the first time in nearly 50 years that insurers can offer such low-cost insurance in the United States, Krempeff said.
The report comes as President Donald Trump continues to push the health care law as a boon to the economy.
The law will be upended by an appeals court ruling that could mean the end of subsidies that have been paid to millions of people, particularly those in the poorest parts of the country.