Senior Policy Analyst
The Trump Administration released a final rule for the individual health insurance market that will raise consumers' deductibles and other out-of-pocket costs, reduce premium tax credits that help millions of people buy insurance and make it harder for people to enroll in coverage.
While the Administration claims the changes are needed to stabilize the insurance market, many of them would reduce market stability by shrinking enrollment and making the pool of people with coverage sicker, on average. What's more, the changes do nothing to address the latest threats roiling insurance markets: new comments from President Trump that he may withhold cost-sharing reduction payments and ongoing efforts by Republicans to repeal the Affordable Care Act (ACA).
The final rule, which is set to take effect in roughly two months, will:
The likely problems with the final rule are well known – the Centers for Medicare & Medicaid Services acknowledges the agency received large numbers of comments raising concerns about how its proposals would impact consumers and insurance-market stability. But the Administration still chose to finalize its proposals almost exactly as proposed.