Trump’s Threats To End CSR Payments & End The Individual Mandate Have Caused Uncertainty For Insurers
"Yesterday, in
Highlights of Murphy's remarks are below:
"Thank you very much,
"Yesterday, in
"So, you're looking at a 20 percent increase to
"I actually want to, essentially, re-ask the question that
"I think what
"And so, let me maybe ask this question to
"And I'd be interested as to what the upsides and downsides are of a model in which actuarial value is the simple measure of whether or not you can seek that kind of waiver, whether that's the right way or whether there's some peril to providers and to patients if you can essentially move around benefits at-will so long as, in the end, the amount of money that you're providing to an average beneficiary remains the same.
"I will stipulate that it's hard to figure out what the measurement would be other than actuarial value, but therein lies the problem. If it is, then you potentially provide some significant gaps and you get rid of the certainty of product that was part of the reason that we put it in so that when you bought insurance, you knew what it is.
But I think this is a true conundrum. If it's not actuarial value, then it's kind of hard to figure out what the substitute standard is."
Read this original document at: https://www.murphy.senate.gov/newsroom/press-releases/murphy-criticizes-trump-administration-for-uncertainty-in-connecticut-health-care-exchange-double-digit-rate-increases
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