CMS funnels $452 million for state reinsurance programs

The federal Centers for Medicare & Medicaid Services will announce Tuesday it plans to send $452 million to more than a dozen states’ reinsurance programs.The big picture: The Biden administration has previously signaled support for these programs, which directly compensate insurance companies for some of their most expensive claims, preventing an increase in premiums.By the numbers: The additional funds allocated through the American Rescue Plan range from $2.5 million to $139 million per state based on the size of the state’s program. Axois, Read More.

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