WASHINGTON (AP) — In one of its last chances to tinker with the president's signature health care law, the Obama administration Monday proposed a series of fixes and adjustments for 2018, when the White House will have a new occupant.
The changes are detailed in a highly technical draft regulation, nearly 300 pages long. Insurers and consumer advocates were trying to decipher its implications Monday evening.
The proposal would update the health insurance marketplace's premium stabilization system to reflect concerns that insurers have raised. It also proposes changes to a current five-year ban on companies returning to the health law's markets after they have left. Some big name carriers have dramatically scaled back for 2017.
For consumers, the rule includes an effort to make it easier to compare competing insurance plans, as well as a new method for calculating premiums for children, geared to avoiding large increases after a child turns age 21.
There's also language to limit abuse of "special enrollment periods" during which people can get coverage outside of the normal sign-up season.
The proposed regulation comes in advance of what's expected to be a difficult 2017 open enrollment season, with many consumers facing big premium increases and less choice.
If Republican Donald Trump becomes president, the administration's latest proposal could be rescinded before it can take effect. Trump has promised to repeal and replace Obama's health care law.
But the changes may appeal to a president Hillary Clinton, who has committed to building on the Affordable Care Act and addressing its problems.
Responding to Growing Demand, Mechanics Bank Adds Resources for Affluent Clients
Advisor News
- 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
- Retaining clients by giving them a memorable experience
More Advisor NewsAnnuity 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 NewsHealth/Employee Benefits News
- How the law protecting Americans from surprise medical bills is driving up healthcare costs
- Medicare Plus supplement vs. Medicare Advantage (Maybe) 2026– Healthful Hints
- ‘Medically frail’ Medicaid enrollees won’t have to prove their inability to work to keep coverage
- IMPLEMENTATION OF IMMIGRANT ELIGIBILITY RESTRICTIONS FOR ACA MARKETPLACE SUBSIDIES UNDER THE 2025 RECONCILIATION LAW: ISSUES TO CONSIDER
- ACA HEALTH INSURANCE RATES RELEASED FOR 2027 OPEN ENROLLMENT
More Health/Employee Benefits NewsLife 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