Congress releases bipartisan plan to stabilize Obamacare markets while lawmakers race to avoid government shutdown

Congressional Republicans unveiled legislation on Monday that that would help stabilize the Obamacare health insurance markets for Insurers. If enacted, the new bill would fund insurer payments known as cost-sharing reduction payments for three years and offer $30 billion in reinsurance funds distributed evenly for three years. It includes more flexibility for states to implement changes to their healthcare systems and allows more people to buy plans that have lower premiums and higher deductibles. 

Sen. Lamar Alexander (R-Tenn.) is one of the main champions of the proposal, arguing that it will help bring down premiums this fall. 

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