Trump Administration Pays Obamacare Insurers, for Now

Trump Administration Pays Obamacare Insurers, for Now

Trump Administration Pays Obamacare Insurers, for Now

The nonpartisan Congressional Budget Office on Tuesday estimated that health insurance premiums for many customers on the Obamacare individual insurance markets would be 20 percent higher in 2018 if Trump stopped the insurer payments. Progressives, now's your chance to secure healthcare for all Insurers cite uncertainty in filing ObamaCare rate hikes MORE (R-Tenn.) has said he would like to include funding for CSRs in a bipartisan, short-term stabilization bill for ObamaCare. "If they treated Defense, or Medicare providers, or Medicare Advantage Plans providers the way they have treated insurers under the ACA, they would shut down". The so-called cost-sharing subsidies total about $7 billion this year and are considered vital to guarantee stability for consumers who buy their own individual health insurance policies.

Premiums for popular health care plans would inflate to 25 percent by 2020 while the federal deficit would increase by $194 billion in the next decade if Trump follows through on his threat to force Democrats to negotiate a new health care law.

CSR payments help to offset the cost to insurers that offer plans with low out-of-pocket costs to poorer Americans.

President Donald Trump, shown on Thursday at Trump National Golf Club in Bedminister, N.J., has said he considers cost-sharing subsidies a "bailout" for insurance companies.

Last Friday, the Department of Health and Human Services extended the deadline for insurance companies to decide what health plans to offer on the Obamacare exchanges and what to charge.

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Their proposals include having Congress appropriate the cost-sharing funds, setting a separate fund for states to hold down premiums to make it more affordable for insurers to cover those with pre-existing conditions, and exempting companies employing less than 500 people from having to provide insurance.

The CBO's assessment echoes concerns raised by insurers over the past several months, who have said that terminating the payments would cause premiums to rise. (D-6th Dist.) said Tuesday he has asked congressional investigators to determine whether the Trump administration is enforcing the law.

"Try to wriggle out of his responsibilities as he might, the C.B.O. report makes clear that if President Trump refuses to make these payments, he will be responsible for American families paying more for less care", New York Senator Chuck Schumer said.

She called on Republicans to drop the threats to the cost-sharing subsidies to "stabilize the markets, and lower costs for all Americans". The House Democratic Leader and the Democratic Whip requested the estimate. In some states, companies have submitted two preliminary rates for their 2018 plans - one in which the CSR payments continue, and a higher one if they're cut off. Insurers must make a final decision on whether to participate in the 2018 markets next month.

Senate Health Committee Chairman Lamar Alexander, Tennessee Republican, praised the administration's decision to keep the money flowing for now.

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