Trump Administration Extends Deadline For Insurers To Decide On Obamacare Markets

President Trump at a listening session with health insurance executives at the White House earlier this year.

Aude Guerrucci/Bloomberg/Getty Images


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Aude Guerrucci/Bloomberg/Getty Images

President Trump at a listening session with health insurance executives at the White House earlier this year.

Aude Guerrucci/Bloomberg/Getty Images

The Trump administration is giving insurance companies an extra three weeks to decide whether to offer insurance plans through the Affordable Care Act markets, and how much to charge.

The extension comes as insurance companies wait for President Trump to decide whether he will continue to make payments to insurance companies that are called for under the Affordable Care Act but that some Republicans have opposed.

The payments — known as cost-sharing reduction payments — reimburse insurance companies for discounts on copayments and deductibles that they’re required by law to offer to low-income customers. The Congressional Budget Office estimates the payments this year would be about $7 billion.

Trump has said he may end the reimbursements, which he calls “bailouts,” and has been leaving insurers to wonder month to month about whether they

Article source: http://www.npr.org/sections/health-shots/2017/08/14/543414938/trump-administration-extends-deadline-for-insurers-to-decide-on-obamacare-market?utm_medium=RSS&utm_campaign=affordablecareact

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