Obama Administration Offers Financial Assistance to Insurers That Participate in Health Plan Fix
In a notice published Monday in the Federal Register, Obama administration officials said they would provide financial assistance over three years to insurers that comply with the president's health policy cancellation fix. Last month, President Obama announced a plan that would allow insurers in 2014 to continue selling insurance plans even if they do not meet the Affordable Care Act's requirements. Some insurers say that the plan could cause them to experience losses in premium revenue and profits.
- "Insurers Are Offered Assistance for Losses" (Pear, New York Times, 12/2).