Administration Denies More States’ Plans To Customize Insurance Markets

“Obamacare gives states very little flexibility for innovation,” said Iowa Gov. Kim Reynolds, after withdrawing the state’s insurance waiver request.

Charlie Neibergall/AP


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Charlie Neibergall/AP

“Obamacare gives states very little flexibility for innovation,” said Iowa Gov. Kim Reynolds, after withdrawing the state’s insurance waiver request.

Charlie Neibergall/AP

Two states looking for approval to customize their health insurance systems under the Affordable Care Act reversed course after the Trump administration said their applications couldn’t be approved in time for next year.

Iowa withdrew its proposal to the Centers for Medicare Medicaid Services for a waiver to alter its Affordable Care Act markets. Massachusetts’ proposal was effectively denied by the administration.

Both states sought to use some of the money that would have gone toward subsidies for consumers to instead create reinsurance programs that would protect insurers from major losses. Reinsurance often lowers premiums.

Iowa Gov. Kim Reynolds, a Republican, blamed the rules of the Affordable Care Act for the failure of her state’s proposal. “Obamacare gives states very little flexibility for innovation,” Reynolds said at a

Article source: http://www.npr.org/sections/health-shots/2017/10/24/559843562/administration-denies-more-states-plans-to-customize-insurance-markets?utm_medium=RSS&utm_campaign=affordablecareact

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