Wolf blames Trump, Congress for spiking health coverage cost
Wolf's administration released the approved 2018 rates Monday, saying the average weighted premium increase for an individual plan sold through the Healthcare.gov marketplace or a broker will be just over 30 percent.
The increase would have been less than 8 percent if Trump had not halted cost-sharing reduction payments to insurers — a move announced last week — or created uncertainty around the fate of the individual mandate, the administration said.
On a conference call with reporters, Wolf's acting insurance commissioner,
In a statement, Wolf accused
"We warned you and your colleagues of what would happen if cost-sharing reduction payments were not made," Wolf wrote in a Monday letter to
Open enrollment for 2018 starts
Increases in small group plan rates will average 7.6 percent in 2018.
Late Thursday night, the Trump administration said it would stop making the cost-sharing reduction payments that lower the cost of deductibles and copayments for policyholders with income low enough to qualify, up to 250 percent of the federal poverty level.
Even without the federal reimbursement, insurers are required to offer the lower deductibles and copayments, but they sought higher premiums to account for the loss of the federal reimbursement.
"Silver" plans that are eligible for the cost-sharing reimbursements will likely see the steepest premium increases, but people who qualify for a tax credit would see a bigger tax credit that would help cover the cost of the increase, the Wolf administration said.
Platinum, gold and bronze-level plans are not eligible for the cost-sharing reimbursements and would likely see smaller premium increases, as would off-marketplace plans sold through a broker, the administration said.


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