FOR IMMEDIATE RELEASE
March 4, 2015
(MADISON) Senator Kathleen Vinehout unveiled a plan to create a state-based Health Insurance Marketplace as United States Supreme Court Justices opened arguments on a case that could strip Wisconsinites of their health insurance premium tax credits.
“Hard-working Wisconsin families will lose health insurance premium credits if the Supreme Court rules in favor of the plaintiffs,” explained Vinehout. “Wisconsin can avert this crisis by creating its own state-based Marketplace.”
The U.S. Supreme Court took up a case (King vs Burwell) that challenges whether citizens who buy insurance through the federally facilitated health exchange are eligible for premium assistance. Nearly 90% of the over 200,000 Wisconsinites who signed up for insurance through the federal exchange are receiving assistance.
“Over $58 million going to our hard-working families is at risk,” said Vinehout. “On average, the benefit to Wisconsin families is about $300 a month in credits to cover about 70% of their premium Misra, A. & T. Tsai. “Health Insurance Marketplace 2015: Average Premiums after Advance Premium Tax Credits through January 30 in 37 states using the HealthCare.gov platform”. ASPE Research Brief. Department of Health and Human Services. Office of the Assistant Secretary for Planning and Evaluation, February 9, 2015, p. 5..”
“The bill captures those aspects of Wisconsin’s health care industry that are unique to our state and builds off work already in progress by Wisconsin health plans and providers to create a balance between health quality, costs and access.” Vinehout noted.
“The Badger Health Benefit Marketplace is a one-stop shop for small businesses and people who buy insurance on their own,” said Vinehout. “This will give folks a truly competitive market for health insurance and help drive down health costs for everyone.