Reinsurance is a type of insurance for insurers. Insurers pay in a premium and in exchange when they have an unusually big medical claim, the reinsurance pays a portion of that claim. This set up reduces the amount of capital insurers need to have on hand, reducing costs.
This is what @HouseDemocrats are voting against today #HR986. #Innovation waivers allow states to offer affordable insurance plans that still cover preexisting conditions. Will @RepJoshHarder vote to take away our only escape hatch from narrow networks and sky high premiums?pic.twitter.com/9DuPigvHQX
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