Source: Health Policy Institute of Ohio
The Trump administration, on January 17, announced proposed rule changes that would lead to a modest premium increase next year under the Affordable Care Act (Source: “Trump Administration Proposes Higher ‘Obamacare’ Premiums,” Associated Press, January 17, 2019).
The administration said the proposal, which is expected to add a roughly 1% increase to premiums, is intended to improve the accuracy of a complex formula that affects what consumers pay for their premiums.
The latest details were in a 300-page proposed regulation released by the Centers for Medicare and Medicaid Services. In the regulation, the administration estimated that the government would save about $900 million a year on subsidies, and that 100,000 consumers would drop their coverage.
The proposed regulation is open for public comment for 30 days.