July 22, 2018

Report Looks At How Premiums Could Change On ACA Health Exchange

12 August 2017, 06:21 | Regina Holmes

Uncertainty On CSR Payments, Mandate Still Weighs On Insurer Exchange Participation And Premiums

Pressure grows for Trump to fund Obamacare subsidies

More Americans say it is more important for President Trump and Republicans to now make the Affordable Care Act's insurance marketplaces work better (69%) than to continue plans to repeal and replace the law (29%).

A number of insurers who provide coverage through the Obamacare marketplaces have requested double digit rate increases for the coming year, and the majority cite uncertainty about the actions of the Trump administrations as the reason for the requested increases, according to a new study released Thursday. His administration has discussed other moves like curbing outreach programs that persuade people to buy coverage and not enforcing the tax penalty the statute imposes on those who remain uninsured.

By almost 2-to-1, poll respondents said it's good that the repeal-and-replace bill failed, and about 4 in 5 respondents want the White House and Republicans to focus on making the ACA better, the Associated Press reported. "Other insurers state that if they do not get clarity by the time rates must be finalized - which is August 16 for the federal marketplace - they may either increase their premiums further or withdraw from the market".

Narrator: "Donald Trump and Republicans in Congress are gutting our health care".

The GOP-controlled Senate failed to pass a health bill before it left for a summer break last week. Most Democrats (70%) and independents (59%) favor the bi-partisan approach, though almost half of Republicans (49%) and Trump supporters (46%) want Republicans to continue pursuing their own plan to repeal and replace the law.

"Senator Mitch McConnell said I had 'excessive expectations, ' but I don't think so".

This includes large majorities of Democrats (95%) and independents (80%), as well as about half of Republicans (52%) and President Trump's supporters (51%). Three in 10 (31%) support President Trump using whatever tactics are necessary to encourage Democrats to start negotiating.

The report suggests that uncertainty over threats of repeal and replace by Republicans in the House and Senate, and the Trump Administration, have had a varying impact on potential premium increases. Seven in 10 say they disapprove of Republican leaders in the legislature. Since insurers are legally required to reduce those costs, they say blocking the subsidies would force them to increase premiums for millions who buy private insurance, including those whose expenses aren't being reduced.

This month's survey again finds more of the public holding a favorable view of the Affordable Care Act than an unfavorable one (52% vs. 39%).

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