Sidestepping a potential bullet from the Trump White House, the Centers for Medicare and Medicaid Services (CMS) issues a final rule to resume paying billions of dollars in risk-adjustment payments to insurance companies with plans on the individual market. The rule is aimed at restoring operation of the Affordable Care Act’s (ACA) risk adjustment program and mitigating some of the uncertainty caused by litigation in New Mexico, according to CMS Administrator Seema Verma. "Issuers that had expressed concerns about having to withdraw from markets or becoming insolvent should be assured by our actions … Alleviating concerns in the market helps to protect consumer choices," she said in a prepared statement. The Trump administration had been expected to indefinitely suspend the program which plays a key role in the ACA’s insurance markets. Had that happened, it likely would have dealt a huge financial blow to many insurers who were expecting payments. “Absent this administrative action, [the Department of Health and Human Services] would be unable in the coming months to collect charges or make payments to issuers for [...]
Login to read the full story or Subscribe now!
7/27/18 6:07 PM