And all insurers have just several months left before they have to propose their individual plan rates for next year, leaving them little time to determine whether to stay in the market, or leave. While the vast majority of Americans get health insurance through a job or through government-run Medicare and Medicaid programs, millions of people are covered by individual Obamacare health plans sold on or off of government-operated marketplaces.Īnnouncement of the proposed rule comes a day after major insurer Humana said that in 2018 it will exit the 11 remaining states where the company still sells Obamacare plans - and on the same day that Aetna 's CEO told The Wall Street Journal the company did not have enough information about whether it would likewise exit Obamacare plans altogether.Ī number of other insurers continue to lose money on their Obamacare plans business. There is growing concern that uncertainty about the timing of that repeal-and-replace effort could lead some insurers to exit the Obamacare business. Initial reaction to the proposal by the insurance community was positive. The administration's new proposed Obamacare rule is designed to alleviate financial worries that insurers have about staying in that market next year while the Trump administration moves toward repealing and replacing the Affordable Care Act. 15, 1½ months less the open enrollment season for 2017 plans.Īt the same time, the administration called for toughening rules about signing up outside of open enrollment and about customers resuming coverage after failing to pay premiums, and loosening rules about the design of individual plans. The Trump administration on Wednesday proposed dramatically shortening the amount of time that people would have to sign up for individual health insurance plans during open enrollment for 2018. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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