Recently the administration asked the appeals court to delay a key court decision that affects millions of insured Americans. The requested 90-day delay will mean that the government will still continue to pay cost sharing reductions through much of the summer, while these payments are good news for insurance companies, they also highlight the problem.
The current administration seems incapable of providing the one thing insurance companies want—certainty. We’re well into the period when insurance companies plan their rates. Or how much risk they’re going to accept for what kind of premium. Because the government keeps requesting this delay, and their public statements waffle on whether they will continue to pay the cost sharing reduction payments, insurance companies don’t know how much risk to price into their premiums – and that means higher costs for you!
In their request for a delay, the government advised the court that they are working on measures that would stop the need for the payments—in other words the passage of the American Care Act which would appeal the Affordable Care Act.
So the government’s answer for the uncertainty is to…create more uncertainty? It seems to me that someone needs to step up and protect patients. And right now neither the insurance companies nor the government are looking out for you.