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Oct 26, 2017

Hodges Discusses Health Care Compromise on Fox Business News

Jim Hodges, a former South Carolina governor who leads McGuireWoods Consulting’s national multistate strategies team, recently joined a former Virginia governor to discuss a proposed bipartisan healthcare measure on the Fox Business Network.

On Oct. 18, Democrat Hodges and former Virginia Gov. George Allen, a Republican, were asked about compromise legislation U.S. Sens. Patty Murray, D-Wash., and Lamar Alexander, R-Tenn., offered to fund subsidies to insurers that is a critical component to the Affordable Care Act.

Murray and Alexander reached a deal to continue subsidies for an additional two years that reimburse insurers for offering reduced-cost policies to low-income individuals buying coverage through insurance exchanges under the ACA. President Donald Trump plans to discontinue them, a move that would cause premiums for those customers to soar and could force insurers to abandon some regional markets.

Hodges said the Alexander-Murray bill is needed to stabilize health insurance markets.

“Frankly, the people who will lose if this isn’t done are people who are paying full freight on the insurance exchanges,” Hodges said. “They’re the ones who are going to pay probably 20 percent [increases] or more.”

“I think it gives the policymakers a couple of years to try to come up with a final solution,” he added. “I’d like to see a little more bipartisanship in Washington, and here’s a chance to finally do it.”

Allen, who was a McGuireWoods lawyer briefly after leaving the governor’s office in 1998 and before his election to the U.S. Senate in 2000, said Republicans prefer block grants that states can use as they see fit to mitigate health insurance costs.

To view the Fox Business segment via Facebook, click here.