Sen. Lamar Alexander, R-Tenn., chairman of the Senate Health, Education, Labor and Pension committee, expects to finish drafting a healthcare stabilization bill "within 10 days," according to CNN.
Mr. Alexander provided the estimated timeline Thursday, after two days of testimony in Senate hearings from a bipartisan group of governors and state insurance commissioners, almost all of whom called for a continuation of cost-sharing reduction subsidies. The governors also lobbied for a permanent reinsurance program that would provide federal funding for insurers to help offset the price of covering high-cost patients.
"I'm going to sit down with Sen. [Patty] Murray and with other senators and come to a conclusion about what I think we can pass," Mr. Alexander said, according to CNN. "I want to be able to take to Sen. [Mitch] McConnell and Sen. [Chuck] Schumer a consensus proposal within 10 days or so."
Lawmakers have until September 27 to craft stabilization legislation, as this is the deadline for insurers to sign contracts with state exchanges to offer coverage in 2018.
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