DENVER — Friday, Oct. 13, 2017 — Gov. John Hickenlooper and Gov. John Kasich issued the following statement on President Trump’s decision to end cost sharing reduction payments.

“The President’s decision to eliminate cost-sharing subsidies is going to result in confusion and higher health insurance costs for many Americans. Insurers will be forced to protect themselves from the uncertainty this creates and American families will pay more as a result and have less access to health care coverage.

“There is a better way. And it starts with providing the certainty that the health insurance markets require. Congress should immediately fund cost-sharing reduction efforts through 2019 to prevent wholesale chaos in our health insurance industry. We are working with governors across the country to find ways to stabilize the individual market with common sense reforms to build a health insurance system that is accessible and affordable for every American.

“States are where these common sense health care ideas are succeeding every day. Governors from both sides of the aisle have come together to create a blueprint for how Congress can stabilize markets. We stand ready to support Senators Alexander and Murray as they take important next steps to develop bipartisan solutions.

“Crashing the private market like this is needless and counterproductive. Real bipartisan ideas that can stabilize and reform health care are at our fingertips.”