While insurers released a blueprint yesterday for stabilizing wobbly markets, the Trump administration is leaving in limbo billions of dollars in federal subsidy payments.
The administration and House Republicans have asked a federal appeals court for a 90-day extension in a case that involves federal payments to reduce deductibles and copayments for people with modest incomes who buy their own policies.
The fate of $7 billion in "cost-sharing subsidies" remains under a cloud as insurers finalize their premium requests for next year. Experts say premiums could jump about 20 per cent without the funding.
But Democrats are accusing the Trump administration of a cynical ploy.
Also Read
Hours before the filing, a major insurer group released a framework for market stability that relies in part on a continuation of subsidies.
The BlueCross BlueShield Association represents plans that are the backbone of insurance markets under the Affordable Care Act, or ACA, and would also be the mainstay with a Republican approach.
More leeway for states to experiment with health insurance benefits, with a basic floor of federal standards.
Preserving ACA consumer safeguards including no lifetime caps on benefits, no higher premium for women based on gender, and a requirement that insurers spend a minimum of 80 cents of every premium dollar on medical care.
Penalties such as waiting periods for people who fail to maintain their coverage. Republicans want to repeal the Obama-era tax penalties on uninsured people deemed able to afford coverage.
Disclaimer: No Business Standard Journalist was involved in creation of this content