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Insurers can expect shrinkage in the individual market and a deterioration in the risk pool, says Wakely report.
The “Great Healthcare Plan” promotes a cost-sharing reduction program to cut premiums in the ACA.
The bill touts lowering ACA premiums through an old route, cost-sharing reduction payments for insurers.
The representatives want a two-year extension for APTCs and guardrails to prevent improper payments.
The new estimate is $3.7 billion higher than the agency's previous projections, CBO says.
The main reason for the increase is the expected end of the premium tax credits.
That includes a $7.7 billion increase in demand for uncompensated care, numbers showed.
However, extending the credits would also increase the federal deficit, CBO says.
Half of the funding will be evenly distributed to all states and the other half will be awarded based on individual state metrics.
Federal budget cuts mean hard choices for states, but there’s a path forward beyond scarcity or sacrifice, says Verlon Johnson, chief strategy officer at Acentra Health.
