Any time lawmakers can introduce greater choice and dynamism into the health insurance market, patients benefit. The CHOICE Arrangement Act, which passed the House last month, is a perfect example.
The bill would codify the so-called “individual coverage health reimbursement arrangements,” or ICHRAs, established through executive order by President Donald Trump in 2019. ICHRAs allow employers to offer their workers tax-free cash to help pay for coverage on the individual market.
As such, they represent a more personalized and portable alternative to employer-sponsored health insurance — something many Americans would gladly welcome.