WASHINGTON – Blue Cross Blue Shield Association president and CEO Scott P. Serota issued the following statement today regarding House passage of the American Health Care Act:

“Americans are best served by a competitive, private health insurance market that offers people the choices they want at a price they can afford. We are committed to ensuring that everyone, including those with pre-existing medical conditions, can access coverage that is affordable for them. Tax credits must take into account a consumer's age, income and geographic location to make sure people can afford coverage and care; there must be strong incentives so people stay continuously covered; and Medicaid must be adequately funded to protect our most vulnerable Americans.

We recognize the steps the House bill takes toward stabilizing the individual market in 2018 and 2019. It also is critical to fund cost-sharing reductions during this time to avoid disruption in the marketplace and to ensure those with low and moderate incomes get the care they need. As the bill advances to the Senate, we will continue to work with lawmakers on needed changes to ensure a stable market in 2020 and beyond.”