Obamacare Hurdles Continue After Failure to Repeal

Date: April 19, 2017

Related Content: Analysis Healthcare National

 

States are in a limbo awaiting Administrative action.

CNBC reports that some states are actually delaying the dates insurers are supposed to submit rates for 2018.

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New Hampshire, Kentucky, and Colorado all delayed the deadline for rate submission from insurers and could delay deadlines again based on signals from Washington. Some in Congress have indicated a desire to re-open the healthcare debate, but the Trump administration has signaled its desire to take on tax reform next. If healthcare isn’t on the table again, the administration still has to decide whether or not to continue paying out $7 billion in subsidies to insurers. The issue currently has a court-mandated deadline of May 22 for the administration to decide.

Other states are retaining their current deadlines under the assumption that they will be able to make changes should reform come from Washington. Beth Fritchen, a partner at consultancy Oliver Wyman, told CNBC that insurers are, “preparing to be in the market, but that could change.”

While not all insurance carriers participating in Obamacare exchanges have weighed in, about half said they expected premiums to rise up to 30 percent by 2018. The Trump administration has signaled that it is open to updating Obamacare with assistance from Democrats if necessary but also indicated that 2017 was going to be a bad year for Obamacare and that premiums and deductibles will rise.

Related:

Obamacare Premiums Will Skyrocket in 2017

Non-Obamacare Health Insurance Plans: Myth vs. Fact

Related Content: Analysis | Healthcare | National

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