New Options, Same Protections

America’s health insurance market is being strangled by dwindling options, skyrocketing premiums, and an inflexible system.

That’s where the New Health Options Act comes in. If enacted, it will help: 

• Americans seeking an insurance plan who pay for unaffordable plans on the current exchange with little or no subsidy
• Employers wanting to provide flexible, lower-cost insurance coverage to their workers
• Younger workers wanting to pay less based upon an appropriate age rating

How? By creating a parallel individual market with an alternative risk pool that prioritizes these groups. Some will purchase plans through Individual Coverage Health Reimbursement Arrangements (ICHRAs) provided by their employers. Others, like independent contractors, will see savings too by switching to a market that more closely fits their risk profile. And nothing will change for Americans who keep their subsidized plans in today’s exchange—not their coverage or protections.

Additionally, the New Health Options Act backs up the parallel market with reinsurance for stability, allows all patients with any plans to shop more for providers outside their network, and requires providers and hospitals to disclose lower cash prices.

Learn more about these reforms and how much you could save below.

Health Care Savings Calculator

Find out how much you could save!

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• Health insurance premiums have more than doubled since ObamaCare was first implemented.
• In 2022, the average premium nationwide jumped to more than $6,000 per person, with an out-of-pocket maximum of as much as $9,100. Where does your state fall?

• The average American spends nearly $13,000 on health care every year—and it’s only getting higher.
• Fewer options and increasing costs have contributed to nearly 30 million Americans going without health insurance entirely.
• Splitting health insurance risk pools through ICHRAs would offer 35 percent lower premiums and could save a family of four more than $6,200 a year.