Fueled uncertainty spurs insurers to leave, hike premiums

Fueled uncertainty spurs insurers to leave, hike premiums

Health plans must sign an annual contract with states by September 27 if they want to compete on the Healthcare.gov website.

About 60 percent of people says that Trump and congressional Republicans are responsible for any problems with the health law. Often, insurers don't serve an entire state, so typically there are even fewer options for consumers.

Unlike in previous years, insurers in this market face new uncertainties that could affect their final rate requests, including questions about the degree to which the ACA's individual mandate will be enforced, and about whether the Trump administration will continue making cost-sharing subsidy payments to insurers or Congress will clarifiy that the payments are authorized.

In one of the more concrete examples of the impact the Trump administration is having on the Affordable Care Act marketplaces, a new analysis reveals that the vast majority of exchange insurers mentioned regulatory uncertainty in their 2018 rate filings. "In the past, requested premiums have been similar, if not equal to, the rates insurers ultimately charge", the report states.

The Trump administration is giving insurers more time to file their 2018 rate requests for ObamaCare plans. They are also at the center of a court battle between the House and the Trump administration, which inherited the lawsuit from the Obama administration.

Those factoring in the uncertainties directly added an additional 1.2-20% increase to their rates to account for the end of individual mandate, and a 2-23% additional rate hike to account for the end of CSR payments.

And by almost 2-to-1, most say it's good that the Senate rejected the GOP repeal-and-replace bill last month. With a 52-48 GOP majority and Vice President Mike Pence available to cast a tie-breaking vote, McConnell has said he's moving onto other matters unless "people can show me 50 votes for anything that would make progress".

Looking at rates in the 21 cities going back to 2014, the analysis notes that for majority, the average annual premium growth has been modest. It's this group that will bear the brunt of these proposed premium increases, should they go into effect.

That's the resounding word from a national poll released Friday by the nonpartisan Kaiser Family Foundation. 156 million people receive coverage through their employer, and 74 million are covered by Medicaid and the children's health insurance program.

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