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Regulators Ask Washington to Save the Health Market

Officers of the National Association of Insurance Commissioners (NAIC) sent letters on May 17 to Office of Management and Budget Director Mick Mulvaney and U.S. Senate leaders warning that if Congress and the Trump administration want consumers in most of the United States to have access to commercial individual health coverage in 2018...
May 23, 2017

 

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Officers of the National Association of Insurance Commissioners (NAIC) sent letters on May 17 to Office of Management and Budget Director Mick Mulvaney and U.S. Senate leaders warning that if Congress and the Trump administration want consumers in most of the United States to have access to commercial individual health coverage in 2018, they must continue full funding for the Affordable Care Act’s (ACA) cost-sharing reduction subsidy program to stabilize the market immediately.

“The time to act is now. Carriers are currently developing their rates for 2018 and making the decision whether to participate on the exchanges, or even off the exchanges, in 2018,” said the letters, signed by NAIC President and Wisconsin Insurance Commissioner Ted Nickel, President-elect and Tennessee Insurance Commissioner Julie Mix McPeak, Vice President and Maine Insurance Superintendent Eric Cioppa, and Secretary-Treasurer and South Carolina Insurance Director Raymond Farmer. Read the letters to the Senate and OMB.

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