Honolulu Star-Advertiser

Sunday, April 28, 2024 76° Today's Paper


Top News

Trump administration to resume ‘Obamacare’ insurer payments

1/1
Swipe or click to see more

ASSOCIATED PRESS / 2018

This screen grab shows the main page of the healthcare.gov website in Washington.

WASHINGTON >> The Trump administration says it will restore Affordable Care Act payments to insurers that it had recently frozen, leading to concerns about higher premiums next year.

The Centers for Medicare and Medicaid Services made the announcement today in an email.

About $10 billion is at stake through a premium stabilization program. Insurers with healthier-than-average customers pay into the program, and the money goes to insurers with sicker patients. No taxpayer subsidies are involved.

The administration had faced widespread criticism for its original move, with insurers warning of premium increases and exits from the market. Republican lawmakers were concerned about political fallout affecting the midterm elections.

CMS Administrator Seema Verma reassured insurers their concerns had been heard, saying, “Alleviating concerns in the market helps to protect consumer choices.”

By participating in online discussions you acknowledge that you have agreed to the Terms of Service. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. Report comments if you believe they do not follow our guidelines. Having trouble with comments? Learn more here.