Monday, 15 October, 2018

Trump Suspends Obamacare Payments To Insurers

Trump administration freezes Obamacare payments, citing court decision Report: WH Suspends $10.4B in Obamacare Insurer Payments
Samantha Long | 11 July, 2018, 05:21

To do that, the government collects money from health insurers with enrollees who were healthier and as a result "cost less to insure".

The announcement was made by Seema Verma, the administrator of the Centers for Medicare and Medicaid Services, and was precipitated by a New Mexico court ruling that suggested the calculations for the risk-adjusted premiums were flawed even despite a MA ruling that validated them.

CMS plans to appeal the court's ruling, as the U.S. District Court for the District of MA ruled to uphold the payments.

Dr. Dave Weldon, president of the Alliance of Health Care Sharing Ministries, discusses why health care sharing ministries could be a good alternative for people who can't find affordable health care.

Many Trump followers often cheer cuts to Obamacare, not knowing that the Affordable Care Act and Obamacare are one in the same.

CMS administrator Seema Verma said in a statement the administration was "disappointed" in the February ruling and that CMS has asked the court to reconsider and "hopes for a prompt resolution that allows CMS to prevent more adverse impacts on Americans".

France beat Belgium to reach final in Russian Federation
But the worrying factor for whoever wins Wednesday's game in Moscow is that France still look to have another gear to move into. France are favored, but Belgium could make several changes that could tip the scales. "We worked very hard".

The decision comes after a March 2018 court ruling that found the formula for calculating risk adjustment payments was "arbitrary and capricious". He says halting the risk adjustment program will disrupt the individual markets, and might even cause insurers not to participate next year. The Maryland Insurance Administration has a hearing scheduled for July 31.

"So much uncertainty put in the market at this point of time is very unnerving", said Ritu Agarwal, senior associate dean of research at the University of Maryland Robert H. Smith School of Business, who follows the health care system. The permanent program was meant to reduce the incentive for health insurers to cherry-pick healthy members.

President TrumpDonald John TrumpMcConnell to meet with Trump's Supreme Court pick Tuesday Kavanaugh offers lengthy judicial record ahead of bitter confirmation fight Hundreds protest Kavanaugh's nomination outside Supreme Court MORE canceled key ObamaCare payments previous year, and also slashed the budget for advertising ObamaCare insurance. Paying off companies that lose money was supposed to be a temporary adjustment to changing markets.

It could also encourage more insurers to bow out of Obamacare. Health law experts are... The insurers have requested average rate increases for 2019 that range from 18.5 percent to 91.4 percent, depending on the type of plan.

The payments can be controversial, Dai said.

America's Health Insurance Plans (AHIP), a trade group representing insurers offering plans via employers, through government programs and in the individual marketplace, said the CMS suspension would create a "new market disruption" at a "critical time" when insurers are setting premiums for next year.

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