Despite Trump's Threats, Senate GOP Bill Would Fund Obamacare Subsidies To 2020 - News Summed Up

Despite Trump's Threats, Senate GOP Bill Would Fund Obamacare Subsidies To 2020


Cost-sharing subsidies that low-income patients use to help pay for Obamacare coverage would remain until 2020 under the legislation, a move cheered by health insurers that plan to keep offering coverage on the exchanges and have recently announced expansions for 2018. If the cost-sharing subsidies aren’t funded, health insurers have said they might have to raise rates 15% to 25%. President Donald Trump and some in Republican-led House of Representatives threatened to cut off cost-sharing reductions (CSRs). Trump could still cut off the subsidies but – at least since the Senate bill's unveiling – hasn’t addressed them. Health plan CEOs like Michael Neidorff of Centene didn’t think the Senate would follow through on an end the CSRs.


Source: Forbes June 22, 2017 16:54 UTC



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