MADISON, Wis. (AP) — Gov. Scott Walker’s $200 million plan to reduce health care costs for people purchasing insurance through the private marketplace is winning support from Wisconsin’s health insurance providers, doctors and medical community.
The Legislature’s budget-writing committee heard the measure Monday.
The bill would authorize the state to seek a federal waiver to offer a reinsurance program. Under such a program, the government would provide money to health insurance providers to pay for between 50 percent and 80 percent of medical claims costing between $50,000 and $200,000.
The Wisconsin Association of Health Plans, which speaks for 12 community-based health plans in the state, supports the bill. So does the Wisconsin Medical Society and the Wisconsin Hospital Association.
Horizon Government Affairs estimates rates in Wisconsin would drop 13 percent in 2019 and 12 percent in 2020 if the program is in place.