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The Congressional Budget Office found that if President Donald Trump opts to halt certain insurance subsidies it would increase the federal deficit by $194 billion and cause the premium costs for a popular Obamacare plan to increase significantly.
The Business Journal examines the likely choices facing Covered California enrollees in the Central Valley. In national marketplace news, Nevada’s insurance “bare markets” now appear to be covered with a Centene deal.
Sen. Bill Cassidy (R-La.) says his sweeping proposal is “about the only game left in town.” Meanwhile, Sen. Bernie Sanders (I-Vt.) is preparing to introduce his Medicare-for-all plan.
State officials are proposing that insurers who lose money on the health insurance marketplace in 2018 be allowed to recoup those losses by taking higher profits in the following three years.
President Donald Trump unleashed another wave of criticism toward Senate Majority Leader Mitch McConnell (R-Ky.), highlighting the growing distance between the president and Congress.
The group, composed of prominent advisers to former Republican and Democratic presidents, began holding monthly meetings in January to search for points of agreement. Meanwhile, a study finds that the uncertainty from the Trump administration has triggered premium hikes and community organizations that help people enroll in health care through the Affordable Care Act are on edge about their funding.
Many questions remain about what exactly the enrollment period will look like, and if President Donald Trump and his administration will try to undermine sign-ups. Meanwhile, the damage may already be done to the individual marketplace following months of uncertainty.
“I think a company — any size company — would be incredibly afraid to just cancel its insurance policy and say the hell with it,” says business owner Walt Rowen.
Many had hoped they would be leaving for recess with repeal under their belts. Meanwhile, Senate Finance Committee Chairman Orrin Hatch announces that his committee will start holding health care hearings when lawmakers return in September.
Some places will see a slight uptick of about 6 percent while others will be hit by a 33 percent jump in rates.