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.
“The uncertainty around the cost-sharing subsidies has been increasing with every day as the federal government fails to take action,”
Charles Bacchi, president of the California Association of Health Plans, a trade group.
Read the full report from California Healthline here.
