Submitted by: Richmond Academy of Medicine
WHEREAS, the Federal government has sought to undermine the Affordable Care Act by eliminating the individual mandate, refusing to support the cost sharing reduction payments, withdrawing funds for promotion of the Health Insurance Exchange, as well as limited the open enrollment period, and
WHEREAS, all of these factors have caused instability in the individual and small group marketplace for healthcare insurance, and
WHEREAS, this has contributed to rising premiums and withdrawal of insurance carriers from this market, and
WHEREAS, there has been bipartisan support in the US Congress for establishment of a reinsurance program to help with this situation, and
WHEREAS, several other states, most recently Maryland, have successfully passed legislation to help improve the individual and small group marketplace. They have also sought to bring back the individual mandate at the state level and have restricted the use of non-ACA compliant or short-term insurance policies, therefore be it
RESOLVED, that the Medical Society of Virginia work to bring additional insurance carriers into the individual and small group marketplace, in addition to creating a more favorable environment for lower premiums and coverage of persons with costly medical issues.