(Worthy News) - Insurers face a key deadline Wednesday to finalize contracts with states about how much they will charge customers who buy Obamacare plans.
Many of the largest insurers have decided not to sell plans on Obamacare's exchanges at all, and many of those that are staying have filed rate increase proposals in the double digits. Those increases could go higher without payments the insurers expect to receive from the federal government, called cost-sharing reduction subsidies. Insurers say the pullouts and premium hikes are a result of uncertainty about the future of the healthcare law and financial losses.
The Trump administration has the authority to move the Sept. 27 deadline back, but it has not changed, according to a spokesman from the Department of Health and Human Services. [ Source (Read More...) ]
Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
