State Exchange Advises Insurers to Plan for Uncertainty in California Healthcare Market
Covered California Urges Insurers to Prepare for Potential Market Instability
The state health insurance exchange instructed participating insurers on Wednesday to submit alternative premium hike proposals for 2018 in the event they lose federal payments for subsidies that reduce some consumers’ out-of-pocket medical expenses. Covered California Executive Director Peter Lees says the federal government could lose money if it stops paying for cost-sharing subsidies, which are under challenge in a pending lawsuit by House Republicans.
