Donald Trump again raised on ObamaCare - Wiped Funds

Donald Trump again raised on ObamaCare - Wiped Funds

The Centers for Medicare and Medicaid Services announced that it would suspend $10.4 billion in risk adjustment payments, which are created to compensate insurers that enroll sick, expensive patients.

As insurers gauge how the freezing of $10.4 billion in risk-adjustment payments could impact their financial performance, it's clear that their exposure varies significantly across the industry. Many insurers that enroll large numbers of unhealthy people depend on the "risk adjustment" payments, which are meant to reduce the incentives for insurers to seek out healthy consumers and shun those with chronic illnesses and other pre-existing conditions. "It enables the country to move away from a market where plans compete to avoid covering or charge more to people with preexisting health conditions, to one where competition is based on quality, affordable care for everyone".

In the event that the delay in 2017 risk-adjustments becomes permanent, Kaiser Pemanente stands to gain the most, according to CMS data crunched by Axios' Bob Herman and Harry Stevens.

Kavanaugh would not only be a critical vote on Texas, but also on dozens of health care cases pending in the lower courts which are likely to be appealed to the Supreme Court in upcoming terms.

This time, the agency which conducts the medical insurance markets is slashing funds for organizations which assist individuals to search for the policy, forcing the classes to make do with roughly one-fourth of the national funding they obtained to this year's open enrollment. "This decision reflects CMS' commitment to put federal dollars for the Federally-facilitated Exchanges to their most cost effective use in order to better support consumers through the enrollment process", CMS Administrator Seema Verma said in a statement Tuesday.

More news: Bend is home to last Blockbuster in US
More news: Papa John's to remove founder's image from ads
More news: Trump brings 'new sense of urgency' to NATO: Stoltenberg

Now, months later, CMS has asked the New Mexico judge to reconsider the decision, and in the meantime, it suspended the program. "As a result of this litigation, billions of dollars in risk adjustment payments and collections are now on hold". The administration is also pushing to broaden the definition of short-term insurance, which is also exempted from the ACA's rules. President Trump is imposing another uncertainty tax on consumers looking for health care.

"Without this program, insurers might have taken on less risk in the market, especially in rural counties", said Mike Kreidler, Washington state's insurance commissioner. The move is the latest effort by the Trump administration to undermine the Affordable Care Act. Republicans oppose the ACA on philosophical grounds that it forced citizens to purchase an expensive product they might not want or need, and on practical grounds that the ACA drove up costs because it required coverage for benefits many insurers didn't offer in past years unless customers paid extra.

By the way, this rule was propagated by the Obama Administration, not President Trump. 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.

"We have to be very cautious". The other two methods were temporary, but risk adjustment is permanent. There could have been a "substantive and thoughtful conversation" about what more needs to be done, she said.

The payments can be controversial, Dai said. The nonprofit insurer sued the government in 2016 claiming the risk adjustment program unfairly penalized smaller insurers.

Related Articles