As GOP Health Bill Fizzles, Insurers Face Deadline Today To Lock Into Marketplaces And Set Rates
Today, insurers must decide whether to sign contracts to sell coverage in the Obamacare marketplace next year, but they don't know whether the federal government will continue to pay subsidies or enforce the health law's mandates to have insurance. That is forcing some companies to raise rates significantly.
Modern Healthcare:
Big Questions And Big Rate Hikes Persist Ahead Of Final Exchange Rate-Filing Deadline
While all eyes were on Republican senators this month as they launched a last-ditch effort to repeal and replace the Affordable Care Act by a simple majority, the deadline for health insurers to lock in their 2018 rates in the individual insurance exchanges slowly approached. That deadline arrives Wednesday, when insurers must sign contracts to sell coverage in the ACA marketplace next year without knowing whether the Trump administration will continue paying subsidies that help lower the cost of coverage for low-income Americans or whether the administration will keep enforcing the individual mandate that requires most people to buy insurance. (Livingston, 9/26)
Morning Consult:
Premiums Likely To Rise Amid Fallout From Graham-Cassidy Health Bill
While that last-ditch Obamacare repeal push floundered Tuesday, there is little residual momentum among Republicans who supported the stabilization bill to resume negotiations with Democrats. Senate Health, Education, Labor and Pensions Committee Chairman Lamar Alexander (R-Tenn.), who spearheaded the bipartisan effort with ranking member Patty Murray (D-Wash.), blamed both sides for killing momentum on a bipartisan fix: Republicans for resuming their Obamacare repeal push and some Democrats for rallying behind a single-payer health care proposal. (Reid, 9/26)
Orlando Sentinel:
Florida Obamacare Rates May Go Up By 45% For Consumers Without Subsidies
In the same day Republicans gave up on their latest attempt to repeal Obamacare, Florida insurance regulators projected that premiums for those on the plan could go up by nearly 45 percent next year. But consumers who receive subsidies will be mostly shielded from the rate hikes. (Miller, 9/26)
Miami Herald:
Florida’s Obamacare Rates Spike Nearly 45 Percent For 2018
Florida regulators said most of the average rate hike — 31 percentage points — came from standard plans sold on the ACA exchange at healthcare.gov. Insurers raised rates for those plans due to the political uncertainty that has plagued the healthcare debate, specifically whether the Trump administration will stop paying subsidies that lower out-of-pocket costs for low-income Americans.
(Chang, 9/26)
The Philadelphia Inquirer/Philly.com:
Independence Blue Cross Commits To Affordable Care Act Exchange For 2018
Despite continuing uncertainty over the fate of the Affordable Care Act, Independence Blue Cross chief executive Daniel J. Hilferty said Tuesday that the Philadelphia region’s largest health insurer will offer Affordable Care Act plans in Southeastern Pennsylvania and in New Jersey for next year. “We just feel that we can’t not be there for 200,000-plus people in the five-county area and 100,000 people in New Jersey,” said Hilferty, who made the decision Monday, before Senate Republicans dropped their latest effort to repeal the Affordable Care Act. (Brubaker, 9/27)
Georgia Health News:
‘Hipster’ Health Insurance, Linked To A Surprising Name, May Come To Atlanta
Also, while many health insurers stopped selling individual policies on several state exchanges because of the uncertain path of the Affordable Care Act, Oscar has taken a bet on the future of the embattled health care law, informally known as Obamacare. In 2018, the start-up plans to expand its existing footprint in New York, California and Texas; re-enter New Jersey, which Oscar left this year; partner with the renowned Cleveland Clinic in Ohio; and join forces with Humana health insurance to sell plans in Nashville. ... While [Oscar's founder Mario Schlosser] declined to comment in detail about future expansion plans, he confirmed that Atlanta is on Oscar’s radar. (Ridderbusch, 9/26)
