Posted by Michael Wonder on 19 Apr 2017
Health insurers make case for subsidies, but get little assurance from Administration
18 April 2017 - Health insurers pressed Trump administration officials on Tuesday to continue billions of dollars in subsidies for low-income people buying plans under the federal health care law, but left with nothing that would dissipate the fog of uncertainty hanging over the industry.
The insurers have been closely watching as President Trump and congressional Republicans and Democrats debate the future of those subsidies, known as cost-sharing reductions paid by the Obama administration that now go to the companies covering about seven million individuals to help lower deductibles and co-payments.
Insurers who attended Tuesday’s meeting with Seema Verma, the new Medicare administrator, “reiterated our most pressing concern: the instability in the individual market created by the uncertainty of funding,” according to a statement from America’s Health Insurance Plans, one of the main industry trade groups.
