CMS gives Maryland green light for reinsurance program
September 6, 2018The Centers for Medicare & Medicaid Services (CMS) approved a 1332 State Innovation Waiver on Wednesday that will allow Maryland to establish a reinsurance program.
The state expects the program to decrease 2019 individual market premiums by 30% and to increase enrollment by 6%. It will also help 250,000 Marylanders maintain their coverage, according to Maryland House of Delegates Speaker Michael Busch.
Maryland’s reinsurance program will be the largest in the nation yet.
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