For Some Insurers, Inflation Reduction Act’s Anniversary Is Reason to Celebrate

When the Biden administration celebrated the one-year anniversary of the Inflation Reduction Act on Aug. 16, the focus — from a health care perspective — was largely on the IRA’s unprecedented drug pricing reforms. While those provisions are important to the health insurance industry, the sector has also seen an overwhelmingly positive impact from the law’s extension of beefed-up subsidies for Affordable Care Act exchange enrollees.

“We at ACHP and all of our members worked incredibly hard to get the health care provisions of the Inflation Reduction Act passed,” Alliance of Community Health Plans (ACHP) President and CEO Ceci Connolly tells AIS Health, a division of MMIT. “Potentially the most significant health care provision in that act was the extension of the enhanced subsidies for working Americans to buy coverage and care on the individual exchange.”

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Leslie Small

Leslie Small

Leslie has been working in journalism since 2009 and reporting on the health care industry since 2014. She has covered the many ups and downs of the Affordable Care Act exchanges, the failed health insurer mega-mergers, and hundreds of other storylines spanning subjects such as Medicaid managed care, Medicare Advantage, employer-sponsored insurance, and prescription drug coverage. As the managing editor of Health Plan Weekly and Radar on Drug Benefits, she writes and edits for both publications while overseeing a small team of reporters who also focus on the managed care sector. Before joining AIS Health, she was a senior editor for the e-newsletter Fierce Health Payer, and she started her career as a copy editor at multiple local newspapers. She graduated with a dual degree in journalism and political science from Penn State University.

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