Trump administration proposes higher ‘Obamacare’ premiums
The roughly 1 percent increase could feed into the Democratic argument that the Trump administration is trying to "sabotage" coverage for millions. The administration said the proposal is intended to improve the accuracy of a complex formula that affects what consumers pay for their premiums.
Premiums under the health law were basically stable this year after several sharp annual hikes. President
The latest details were in a 300-page proposed regulation released Thursday afternoon by the
The agency said the reason for the change is to more accurately calculate premium subsidies under the law. About 10 million people who don't get health insurance on the job purchase individual policies under the ACA, and roughly 9 in 10 receive taxpayer-provided assistance with their premiums.
The administration is also proposing to require insurers that cover abortion to offer a "mirror" plan that does not. The health law allowed insurers to offer coverage for abortions provided they collect a separate premium to cover the cost. Many states, however, have enacted laws that prevent ACA plans from covering abortion.
A prominent Democrat criticized the administration's move on premiums.
"Today's proposed rule deliberately and needlessly increases premiums and will result in too many Americans losing access to health coverage," Sen.
In the regulation, the administration estimated that the government would save about
The proposed regulation is open for public comment for 30 days.
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