The director of the USC-Brookings Schaeffer Initiative for Health Policy sees this week's failure to repeal or replace Obamacare as a stabilizing factor for the health insurance market. KBS/AFP/Getty ImagesCalifornians who buy individual health insurance plans on the state exchange won't know how much their 2018 monthly premiums might be until Aug. 1. In addition to leading to higher premiums, ending the cost-sharing subsidies "may cause insurers to leave the market in 2018," state Insurance Commissioner Dave Jones said Tuesday. To make up for not receiving the subsidies, insurers would be allowed to charge higher premiums - from 15 to 17 percent higher, according to Covered California Executive Director Peter Lee. But until insurance companies know what the federal government will do about cost-sharing subsidies, it's tough to know what they'll need to charge customers, he said.
ACA repeal would leave many Minnesotans without health insurance
A full-out repeal would leave thousands of Minnesotans uninsurable, according to Jim Schowalter from the Minnesota Council of Health Plans. The ACA also foots almost all of the bill for roughly 100,000 Minnesotans who have subsidized health insurance through Minnesota's state-sponsored MinnesotaCare program. Because of the effect it would have on people who currently have health insurance under the ACA. • Snapshots: Health plan's fall brings dread for Obamacare recipientsObamacare funding pays most of the health insurance costs for about 200,000 Minnesotans enrolled in Medicaid-funded Medical Assistance through the ACA expansion of the program. This year $330 million dollars in federal Affordable Care Act tax credits are helping more than 66,000 Minnesotans pay for individual market health insurance plans.
collected by :Lucy William
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