Giesa pointed out that it's not just insurance companies that would suffer if the individual insurance market is crippled. If The Individual Insurance Market Crashes, Can People Still Get Coverage? But the individual insurance market is not in such good shape. Enlarge this image toggle caption PhotoAlto/Frederic Cirou/Getty Images PhotoAlto/Frederic Cirou/Getty ImagesIn his high-stakes strategy to overhaul the federal health law, President Donald Trump is threatening to upend the individual health insurance market. Meanwhile, major insurance companies like Aetna and Humana have already announced that they won't participate in the health exchange market for 2018.
Bevin Plans To Work With Legislature On Repealing Health Insurance Tax
Matt Bevin can't repeal a 1 percent tax he said was one reason to dismantle the state health insurance exchange before he was elected in 2015. It's true: Every Kentuckian who has health insurance pays a 1 percent tax that still goes to pay for Kynect. So he's planning to work with the legislature next session to remove the tax, which funded the now-defunct Kynect. Amanda Stamper, a spokeswoman for Bevin, said the tax is written into law, so the legislature would have to repeal it. The tax was created to initially fund Kentucky's high risk insurance pool back in 2000.
collected by :Lucy William
No comments:
Post a Comment