Tom Price, MD, former Secretary of the Department of Health and Human Services (HHS) in an address at the World Health Care Congress on Tuesday morning said that repealing the individual mandate, effective in 2019, will increase health care insurance premiums. Price is now concurring with health experts about the effect of that repeal.
The Congressional Budget Office has projected that repeal of the mandate will increase premiums by 10 percent. The Urban Institute estimates that combining the mandate repeal and Trump's expansion of skimpier plans will increase premiums by almost 20% nationwide. A bipartisan bill from the Senate Health Committee chaired by Lamar Alexander (R) and Patty Murray (D) that would fund the ACA's cost-sharing insurance subsidy program and stabilize health premiums for 2018 was not allowed to reach the Senate floor by the Majority leader McConnell, with the result of raising premiums for 2018. Price said that, in 2018, the costs of the benchmark silver plans on the ACA marketplace rose about 36%.
How the Loss of Cost-Sharing Subsidy Payments is Affecting 2018 Premiums
https://www.kff.org/health-reform/i...-subsidy-payments-is-affecting-2018-premiums/
Price also noted that many states are reconsidering Medicaid expansion for the federal dollars as well as adopting waiver programs to tailor health care programs and create flexibility. States have lowered health care premiums by obtaining waivers from HHS/CMS in order to institute their own reinsurance programs. The Trump administration's Health and Human Services under Tom Price stalled on approving those waiver requests with the effect of increasing premiums in six states, most notably in Oklahoma and Iowa.
Administration Sends Mixed Signals On State Health Insurance Waivers
https://www.npr.org/sections/health...xed-signals-on-state-health-insurance-waivers
A Medicaid expansion ballot referendum passed in November, but the Republican governor has vetoed any bills. A lawsuit has been filed against the state's HHS. Utah's Rep Gov has signed a bill for Medicaid expansion. The Nevada Rep Gov has vetoed their legislature's Medicaid-for-all bill. Virginia's Rep legislature is about to pass a Medicaid expansion bill. Kentucky under a Rep Gov and legislature has adopted Medicaid expansion this year. In Idaho and Nebraska, signatures are being collected to put Medicaid expansion on the ballot for this November.
Former HHS Sec. Price Calls Individual Mandate Repeal a Mistake
https://www.medpagetoday.com/publichealthpolicy/healthpolicy/72633
"There are many -- I'm one of them -- who believe that that actually will harm the pool in the exchanges market, because you'll likely have individuals that are younger and healthier not participating in that market, and consequently that drives up the costs for other folks within that market."
The Congressional Budget Office has projected that repeal of the mandate will increase premiums by 10 percent. The Urban Institute estimates that combining the mandate repeal and Trump's expansion of skimpier plans will increase premiums by almost 20% nationwide. A bipartisan bill from the Senate Health Committee chaired by Lamar Alexander (R) and Patty Murray (D) that would fund the ACA's cost-sharing insurance subsidy program and stabilize health premiums for 2018 was not allowed to reach the Senate floor by the Majority leader McConnell, with the result of raising premiums for 2018. Price said that, in 2018, the costs of the benchmark silver plans on the ACA marketplace rose about 36%.
How the Loss of Cost-Sharing Subsidy Payments is Affecting 2018 Premiums
https://www.kff.org/health-reform/i...-subsidy-payments-is-affecting-2018-premiums/
Price also noted that many states are reconsidering Medicaid expansion for the federal dollars as well as adopting waiver programs to tailor health care programs and create flexibility. States have lowered health care premiums by obtaining waivers from HHS/CMS in order to institute their own reinsurance programs. The Trump administration's Health and Human Services under Tom Price stalled on approving those waiver requests with the effect of increasing premiums in six states, most notably in Oklahoma and Iowa.
Administration Sends Mixed Signals On State Health Insurance Waivers
https://www.npr.org/sections/health...xed-signals-on-state-health-insurance-waivers
A Medicaid expansion ballot referendum passed in November, but the Republican governor has vetoed any bills. A lawsuit has been filed against the state's HHS. Utah's Rep Gov has signed a bill for Medicaid expansion. The Nevada Rep Gov has vetoed their legislature's Medicaid-for-all bill. Virginia's Rep legislature is about to pass a Medicaid expansion bill. Kentucky under a Rep Gov and legislature has adopted Medicaid expansion this year. In Idaho and Nebraska, signatures are being collected to put Medicaid expansion on the ballot for this November.
Former HHS Sec. Price Calls Individual Mandate Repeal a Mistake
https://www.medpagetoday.com/publichealthpolicy/healthpolicy/72633
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