Covered California Tells Insurers To Plan For The Worst

The state health insurance exchange Wednesday instructed participating insurers 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 actually lose money if it stops paying for cost-sharing subsidies, which are under challenge in a pending lawsuit by House Republicans.

Uncertainty is expensive for health plans and for consumers.

Read the entire California Healthline article here.

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