CMS Finalizes Rule to Stabilize Health Insurance Markets
Mary CaffreyCMS has finalized a rule aimed at curbing abusive practices on the exchanges created by the Affordable Care Act (ACA). This part of the CMS rule eliminates what it deems a duplicative federal role in ensuring network adequacy.CMS also published the calendar for health plans to follow as they decide whether to participate in the exchanges in 2018. The steps taken at CMS seek to curb adverse selection, when consumers wait until they have a health problem to sign up for coverage, then cancel after they receive treatment. While some states have tougher rules than others, the NAIC creates model laws and rules that it encourages states to follow. Enrollees stop paying the premium and may have health problems without engaging with an insurer or doctor, leaving the insurer in the dark about health status if the person returns to the rolls.
Maps Show A Dramatic Rise In Health Insurance Coverage Under ACA
People who do not make much money, and who are less likely to have health insurance, have especially benefited. For example, since 2010 the law has allowed young people to stay on their parents' health insurance until age 26. And nationwide, a lot more poor people are covered by health insurance than were before the Affordable Care Act. In most of those states, the expansion took effect in 2014, when the online health insurance exchanges also went live. New data from the U.S. Census Bureau present the most detailed picture yet of the dramatic rise in the number of people covered by health insurance since the Affordable Care Act went into effect.collected by :Lucy William
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