With limited federal subsidies under the GOP health care bill, experts say states like California and New York would be under pressure to cut costs. That could mean shrinking benefits and dropping the prohibition against charging sicker patients higher premiums.
Health insurers must submit initial rates to California’s exchange on Monday, but confusion persists over core elements of the current health law.
Democrats want a bill to fund the government for the rest of the year to include funding for the health law’s cost-sharing reductions for low-income marketplace customers, but Republicans want to keep the issues separate.
There are many ways beyond legislative repeal for the Trump administration and congressional Republicans to unravel the Affordable Care Act.
Exchange enrollees and insurers fret over a lawsuit that could end federal help with copays and deductibles.
California’s health insurance exchange released an analysis showing that Republicans’ plan to trim subsidies, on average, by 40% would fall hard on elderly and very low-income people, especially in expensive areas like San Francisco.
Decently paid millennials in LA might be better off than under Obamacare — but older people in pricier areas could fare much worse.
The thought of losing California’s Obamacare gains is “somewhere between nauseating and mind blowing,” says Robert K. Ross, CEO of the California Endowment.
Covered California sent the wrong subsidy information to insurers, who charged most consumers less than they really owed. Now they have to pay up.
Health insurance subsidies are pegged to income estimates, but if those are too low, the customer may have to make a repayment to the government.