✦ CMS on April 30 released the second half of the 2022 Notice of Benefit and Payment Parameters for the Affordable Care Act exchanges, which cuts consumers’ out-of-pocket costs by $400 annually. The Trump administration finalized the first phase of the omnibus rule that sets parameters for ACA exchange plans just days before President Joe Biden’s inauguration. The second phase of the rule also “includes several provisions to help consumers more easily distinguish between plan options and increase opportunities to qualify for future special enrollment periods,” according to the Biden administration. Read more at https://go.cms.gov/3eMwudB.
✦ Included in President Joe Biden’s $1.8 trillion antipoverty package, the American Families Plan, is a proposal to make the expanded Affordable Care Act exchange subsidies permanent. The administration’s COVID-19 relief legislation enacted in March increased premium tax credits for people who already qualify for financial help and made subsidies available to people who previously didn’t qualify — but the expanded subsidies were set to expire after 2022. In his address to Congress on April 28, Biden called for health care reforms such as allowing the government to negotiate drug prices and reducing deductibles for ACA marketplace plans, but those are not included in his new legislative proposal. Visit https://bit.ly/3aPQjzm.