Insurers to Congress: Stabilize Obamacare in next 30 days
Source: CNNMoney
by Tami Luhby @Luhby February 1, 2017: 4:09 PM ET
.........In particular, carriers are looking for lawmakers to confirm they'll continue funding the cost-sharing subsidies that reduce deductibles and co-pays for lower-income participants. Those payments, which are the subject of a court battle between Republican representatives and the White House, are critical to insurers' future on the Obamacare exchanges, a top industry lobbyist told senators Wednesday.
"This is something we need to resolve in the next 30 days," Marilyn Tavenner, CEO of America's Health Insurance Plans, testified. "It is very important to the stability of the individual market."
Insurers are in the final stages of developing their exchange plans and premiums for 2018, which they start submitting to state insurance regulators in April.
House Republicans filed a lawsuit against the Obama administration in 2014, saying Congress did not approve funds for the cost-sharing subsidies and the White House overstepped by providing them. A district court judge sided with House Republicans last May, but an appeals court has put the case on hold until February 21.
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Read more: http://money.cnn.com/2017/02/01/news/economy/insurers-obamacare-congress-subsidies/index.html
More grease is being thrown on the dumpster!
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