U.S Reps. Rick Nolan (D-MN-08) and David B. McKinley (R-WV-01) announced today new bipartisan legislation to save middle-class working families money by fixing a burdensome cost associated with the Affordable Care Act (ACA).

The bipartisan Health Care Fairness and Flexibility Act (H.R.4735) implements a 3-year delay in the ACA's "transitional reinsurance program" that would have forced additional costs onto working families - up to $252 this year for a family of four - and subjected employers who self-insure to expensive insurance fees.

This reinsurance program, designed to run from 2014 until 2016, was intended to steady the cost of health care premiums for individuals. All insurance companies would be charged a yearly fee, repaid to only those insurers who cover people with very high medical bills.

To read entire article, click here.