CMS allows states to get creative with federal exchange funds under 1332 waivers

Modern Healthcare: States can use 1332 waivers to launch new financing options that resemble health savings accounts, according to CMS Administrator Seema Verma. But a former agency official warns that using any of the new flexibilities outlined could result in litigation.

This new account-based program would help subsidize healthcare expenses. Under this approach, states would provide a cash contribution to an account that people can use to pay both premiums and any out-of-pocket health expenses.

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