WASHINGTON, D.C. -- Today, Representative Jeff Crank (CO-05) voted in favor of the Lower Health Care Premiums for All Americans Act.

The Lower Health Care Premiums for All Americans Act offers solutions to lower premium costs, expand access to quality care, provide every American with more options and flexibility to choose coverage that works for them, and bring greater transparency to America's health care system.

"My constituents deserve a health care system which always puts them first," said Rep. Crank. "The Lower Health Care Premiums for All Americans Act will give common-sense solutions to restore our nation's health care system and lower premium costs."

Background:

• Appropriates cost-sharing reduction payments to stabilize premiums for eligible individuals on the Marketplace. This lowers premium costs by 11 percent and reduces out-of-pocket costs like deductibles and copays for low-income individuals;
• Ensures self-insurance remains an affordable and accessible option to small businesses so they can provide quality health care benefits to employees that might otherwise be out of reach for them to offer;
• Requires pharmacy benefit managers to be transparent with employers on drug formulary and pricing to help businesses negotiate better prices for employees.

###