- President Donald Trump now is threatening to upset the individual market by refusing to pay cost-sharing reduction (CSR) payments to insurance companies. The White House is also pushing Congress to continue efforts to repeal the Affordable Care Act (ACA) despite three votes last week in the Senate failing to garner enough support among Republicans.
- With the deadline for adjusting individual market rates a little more than two weeks away, insurance companies are pleading with the White House and Congress to make good on the CSRs and warn that premium rates would increase substantially if they are not paid.
- (author) Trump may be using this as a negotiating point in his battle to repeal the ACA. It is on very short notice, most likely as Trump's effort to create even more chaos in the ACA.
- Meanwhile, a bipartisan group of about 40 lawmakers have been discussing changes to the ACA that both sides of the aisle can support. They are discussing permanent CSR funding, weakening the employer mandate and repealing the medical device tax, Politico reported.
Monday, July 31, 2017
Cost sharing reductions, or CSRs as they are called in government circles are allocated to insurance companies as part of the Affordable Care Act.