Wisconsin Gov. Scott Walker has signed a plan he says will lower health insurance premium rates in the individual market.
Walker visited Green Bay Sunday to announce the state received a federal waiver from the Trump administration for a $200 million reinsurance program.
“We made the case to the legislature, thankfully they responded and we were able to sign that into law at the end of February. We then submitted that to the federal government because it requires a state innovation waiver,” Walker says.
Gov. Walker believes the Health Care Stability Plan will stabilize the market and attract more insurance providers. He anticipates the plan lowering premiums by 3.5 percent on average.
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