Senior Policy Analyst
The Trump Administration proposed a sweeping rule for the individual health insurance market today that would raise consumers’ deductibles and other out-of-pocket costs, reduce premium tax credits that help millions of people buy insurance, and make it harder to enroll in coverage. While the Administration claims the changes are needed to stabilize the insurance market, many of them would weaken market stability by shrinking enrollment and making the pool of people with coverage sicker, on average.
What’s more, the changes would do nothing to address the biggest threat to the market: the instability and uncertainty for consumers and insurers due to the continued threat that the President and Congress will repeal the Affordable Care Act (ACA).
The proposed rule, which is open to public comment for an unusually brief 20 days rather than the typical 60, would:
The proposed rule not only falsely assumes that we must choose between protecting consumers and protecting the market, but it also undermines both those goals.