America’s Health Insurance Plans Issues Statement on Risk Adjustment Payments
"We all agree that Americans deserve affordable, comprehensive coverage and care - regardless of whether they are sick, healthy, or have a pre-existing condition. Because different plans cover different people, the health of the people they serve differs as well. The risk adjustment program helps ensure coverage is available for high-need patients by sharing the cost of covering them. If a plan covers more patients who require more health care services, that plan receives funds from other plans that cover fewer high-need patients - all without using any taxpayer dollars.
"We are very discouraged by the new market disruption brought about by the decision to freeze risk adjustment payments. This decision comes at a critical time when insurance providers are developing premiums for 2019 and states are reviewing rates. This decision will have serious consequences for millions of consumers who get their coverage through small businesses or buy coverage on their own. It will create more market uncertainty and increase premiums for many health plans - putting a heavier burden on small businesses and consumers, and reducing coverage options. And costs for taxpayers will rise as the federal government spends more on premium subsidies.
"We agree that a quick resolution is needed to avoid greater harm to the individual and small group markets. More than ever, American businesses and families want affordable coverage and care they need and deserve. We encourage the Administration to reevaluate its decision and work with all stakeholders to make health care more affordable for all Americans."
By
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News