White House saves cost-sharing healthcare subsidies from budget cuts

Subsidies designed to reduce copays and other expenses for the poor won't be cut after all, according to a new budget report, which explains how the sequester will impact spending in fiscal year 2015. The Obama administration originally projected a 7 percent cut as part of the sequestration. The cost-sharing subsidies make health plans more affordable because the government sends payments directly to insurance companies and gives low-income members a break on copays, deductibles and out-of-picket expenses. Read the full report at FierceHealthPayer

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