EDITORIAL: Ideal time for a deal to repair and keep the Affordable Care Act - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 19, 2017 Newswires
Share
Share
Post
Email

EDITORIAL: Ideal time for a deal to repair and keep the Affordable Care Act

Akron Beacon Journal (OH)

April 20--President Trump could wreck the Affordable Care Act with one blow. He could halt the flow of federal money into what are "cost-sharing reductions." These payments help 7 million lower-income people who purchase their health insurance through the marketplace exchanges. The funds reduce co-payments, deductibles and other costs, making coverage more affordable.

Without such assistance, many people would exit the exchanges. Insurers would leave, too, the market becoming less stable, even verging on what the president has predicted, "imploding," "exploding right now," leading to a "very bad year."

For now, insurers are watching carefully to see what the president does. They met with White House officials this week. The payments are the focus of a lawsuit, Republicans challenging the concept and prevailing initially in court. The president has continued with the payments.

Will that position hold?

Insurers are struggling with the uncertainty. This is the time when they make decisions for the following year about participating in the exchanges. So, even no decision by the president would be harmful. Already the president has ordered agencies to begin dismantling the act "to the maximum permitted by law." He pulled back on television advertising at the end of the enrollment period (late January), and fewer people signed up.

One cautionary note since then is the collapse of Republican efforts to repeal and replace the act. Bring down the Affordable Care Act, or at least the exchanges for those buying coverage on their own, and there still would be no credible alternative.

The Trump White House and its Republican allies would have the explaining to do.

Ideally, this would be a moment for presidential reflection, or remaking gut instincts. Congressional Democrats have been seeking to leverage an imminent government spending bill, necessary to keep agencies and offices in operation, to preserve the payments. Here is another opportunity to pursue a compromise, sustaining the act while making repairs favored by Democrats and Republicans.

Analysts have identified many areas ripe for deal-making. For instance, both sides recognize the problems stirred by the requirement that larger employers provide health coverage to workers employed 30 hours or more per week. Republicans also want to remove the excise tax on high-cost plans and make the benefit part of personal taxable income. Democrats hardly should quarrel.

Both parties rightly have criticized high deductibles, joined by skimpy coverage. Then, work to make the subsidies more realistic. Way back, Republicans introduced the concept of the individual mandate. Strengthen its use while designing coverage options that generate more interest among the younger and healthier.

As the Congressional Budget Office and other analysts have pointed out, the health exchanges have been solid enough, even improving the past year. What they require are reinforcing measures, adjustments mirroring lessons learned, or what House Republicans did not provide in their failed attempt at repeal and replace.

Better to focus now on serious repair, starting with a commitment to sustain the "cost-sharing reductions." That would encourage insurers to push ahead into next year, health coverage continuing for millions of Americans. The Trump White House has an opening to show that Washington can get difficult things done.

___

(c)2017 the Akron Beacon Journal (Akron, Ohio)

Visit the Akron Beacon Journal (Akron, Ohio) at www.ohio.com

Distributed by Tribune Content Agency, LLC.

Older

Group: Rauner deceived Illinois voters on abortion stance

Newer

Blair & Ramirez LLP Defeat Cigna Health Insurance’s Arbitration Agreement

Advisor News

  • Wealth planning vs. estate planning: Honoring your client’s wishes
  • What to discuss during the first retirement planning meeting
  • Inflation, competing priorities and uncertainty erode retirement security
  • As health premiums rise, 1 in 8 workers cut retirement savings
  • CT governor’s candidates claims: What’s true, and what’s misleading
More Advisor News

Annuity News

  • National Life Group expands annuity portfolio
  • AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
  • USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
  • How flexible annuities fit today’s retirement portfolios
  • Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
More Annuity News

Health/Employee Benefits News

  • Pennsylvania Health Plans Must Cover Colon Cancer Screening at 45
  • In Miami-Dade court, health insurer fights an order to cover $48,500 cancer drug
  • Fed judge blocks Medicaid work requirement rule
  • Health insurers leave millions unpaid for mental health crisis care in California
  • Commissioner places Mending Health in conservatorship
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Insignia Life S.A. de C.V.
  • FINANCIAL FRAUD
  • Security Benefit Announces Planned Dividend Rate Reset for Series B Preferred Stock
  • Palmetto Heritage and Atlantic Coast Life Announce Discussions Regarding Potential Acquisition
  • Jury finds insurance company acted in bad faith, awards Nebraska woman $11.3M
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Spectrum Weather & Specialty Insurance Celebrates 15 Years and Welcomes the Next Generation
  • Royal Neighbors of America® Increases Service Capacity
  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.