CAP Releases Analysis on Dangers of ACA Repeal By Reconciliation
"Repeal by reconciliation would be disastrous for the health and financial security of millions of Americans and would unravel historic progress toward the important goal of universal coverage," said
Proponents of repealing the ACA may argue that delaying the date at which key provisions kick in would provide enough time for a smooth transition, but CAP's analysis explains why this is a fallacy. Insurers are already, or soon will be, making business decisions and preparing premium rates for 2018. Given the premium rate filing timeline, President-elect Trump would have to take the reconciliation approach off the table by
"Think of ACA repeal first, replace later like musical chairs. When the music stops, no insurer wants to be the one with the sick enrollees," wrote
Furthermore, the issue brief addresses a major problem of a reconciliation bill: keeping consumer protections but without the premium tax credits or individual mandate penalties. This would cause a death spiral in the individual market.
Read the full issue brief, "Republican ACA Repeal Bill Would Unravel the Market Even Before It Goes into Effect" by
Related resources:
* House GOP Proposals Would Make Health Coverage Less Secure for All Americans (https://www.americanprogress.org/issues/healthcare/reports/2016/08/01/141954/house-gop-proposals-would-make-health-coverage-less-secure-for-all-americans-2/) by
* The Obama Health Care Legacy: More Coverage and Less Spending (https://www.americanprogress.org/issues/economy/news/2016/03/25/134074/the-obama-health-care-legacy-more-coverage-and-less-spending/) by
EditorVail-5702515 EditorVail
CLARA analytics Launches CATT to Help Insurance Carriers Reduce Claim Escalations
House Financial Services Subcommittee Receives Testimony from Mountain State Justice
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News