EDITORIAL: Anthem takes leave of Ohio
On Tuesday,
The state
Actually, as the Anthem executives indicated, the problems could be fixed, restoring the "stability" the
One important cushion comes in the form of the cost-sharing reduction payments. The act requires insurers to offer those with low incomes policies that have lower deductibles and co-payments. That helps make the policies more affordable. The federal government then reimburses the insurers for the cost, amounting to
Unfortunately, neither the
Even a simple declaration from the president that he will stick with the payments until the matter is resolved in the courts or the enactment of a replacement would likely have helped to keep Anthem in the exchange. The Center on Budget and Policy Priorities notes that insurers in
As it is, the uncertainty is too much for companies dependent on forecasts for the long term. So the departure of Anthem from the exchange is less about the flaws in of the law and more about a form of deliberate destruction. The president and Republican allies, still without a responsible replacement, appear determined not to see the Affordable Care Act work but to brand the law a failure.
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