Insurance Health Care Reform News Updates for March, 2018. Insurance Health Care Reform News Update at Small insurance Companies for all Insurance clients. up-to-date on Healthcare Reform.
Below is a summary of recent events to help you stay current on healthcare reform news all in one place. To make your voice heard on these issues, a non-partisan movement that lets you share your opinion on healthcare legislation with friends, family and even Washington! Here you will have all Insurance Health Care Reform News Updates for March, 2018
Healthcare Reform News Update for March 2, 2018
California Could Lose 18 of ACA Marketplace Enrollees Next Year
Without the Affordable Care Act’s individual mandate, 18 percent of California residents with Covered California marketplace health plans could drop their coverage, according to a new survey by Harvard Medical School researchers.
Without a penalty for being uninsured, healthier residents are more likely to go without coverage. The loss of these enrollees could raise premiums by 12 to 16 percent next year.
“While California would continue to have a stable individual market, and we have the reserves and flexibility to adjust for this impact, the impacts would be real and significant for California’s consumers,” said Peter Lee, Covered California’s executive director.
Healthcare Reform News Update for March 1, 2018
Association Plans Could Bump 4.3 Million Off ACA Coverage
The Trump administration’s plan to expand association health plans could cause between 2.4 million and 4.3 million people to switch from ACA marketplace plans to association plans by 2022, according to a study by Avalere Health.
The study also found that the association plans would cause:
- A premium increase for ACA marketplace plans by as much as 4 percent.
- Between 130,000 to 140,000 people to become uninsured by 2022 due to high premiums.
- Between 1.7 million and 3.2 million people to exit the small group market.
- 700,000 to 1.2 million people to leave the individual market.
Premiums for the association plans could be up to $10,800 lower than the individual market and up to $4,100 lower than the small group market.
“Changes that allow or incentivize healthier individuals to exit the individual and small group market to pursue other, sometimes non-ACA-compliant coverage offerings, could lead to higher costs for those sicker, less healthy individuals and groups who remain behind in the ACA-regulated markets,” the study states.
Wisconsin Governor Signs Reinsurance Bill
Wisconsin Governor Scott Walker (R) signed a bill Tuesday that will allow the state to apply for a federal waiver to help stabilize its health insurance marketplace though a reinsurance program.
The program would cover 80 percent of medical claims between $50,000 and $250,000, which would help lower premiums for healthier residents by 13 percent in 2019 and 12 percent in 2020.
“Our Health Care Stability Plan is our solution to Washington’s failure; we want to provide health care stability and lower premiums for Wisconsin,” Walker said.
GOP Lawmakers Consider Budget Procedure for ACA Funds
Republican leaders in the House are considering a complex budget maneuver to help pay for Affordable Care Act funds—a controversial move as many conservatives see the action as a “bailout.”
The two-step plan would direct the Congressional Budget Office (CBO) to take cost-sharing reduction (CSR) payments out of its baseline for projected federal spending. It would then use the savings from the first step to pay for reinsurance programs. The move would help lower premiums and, subsequently, reduce the cost of government subsidies for health insurance.
Supporters of the plan say it would fund reinsurance programs without having to create a budget for it. But conservative lawmakers call the move a budgetary “gimmick.”
ACA Popularity Reaches Record High
A recent poll by the Kaiser Family Foundation shows that 54 percent of Americans approve of the Affordable Care Act, the highest rating since the group began its monthly poll in 2010.
In addition, only 13 percent of respondents were aware that the repeal of the individual mandate goes into effect in 2019. Others were either unaware of the repeal or unclear on when it will be implemented.
Health Agents Meet With Washington Legislators
Over 700 members of the National Association of Health Underwriters are attending a conference in Washington, D.C., this week. The group plans to lobby lawmakers on a number of topics including stabilizing subsidy programs, protecting the group health premium tax exclusion, and addressing Affordable Care Act agent compensation rules.