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" ... In the last decade, however, the TRS Fund ballooned with an outdated reimbursement methodology, increasing cost to mobile and telephone subscribers already chafing from other government fees tacked onto their bills. The FCC began to reduce reimbursement rates for this program in 2018, a move it says saved consumers $350 million. The vote at this month’s meeting will make further reductions, bringing the reimbursement rate to $1.30 per minute in 2022, projected to save another $200 million. The FCC declined to implement a reverse auction, which would transition the outmoded regulatory ratemaking process to a modern market-based method designed to incentivize efficient provision. ... "