CBO to release report Tuesday on ending ObamaCare insurer payments
Source: the hill
By Rachel Roubein - 08/14/17 07:53 PM EDT
The Congressional Budget Office is expected to release a report Tuesday afternoon on the impact of halting key payments to insurance companies, which President Trump has threatened to do, CBO announced Monday.
The nonpartisan agency will analyze the effects stopping these payments would have on the federal budget, health coverage, marketplace stability and premiums.
Cost-sharing reduction payments compensate insurers for lowering the out-of-pocket costs of certain enrollees. Insurers have said premiums would increase if the federal government stops the funds, which total $7 billion for fiscal 2017.
The Trump administration has been making these payments on a monthly basis, and hasn’t yet said if the payments will be made in August.
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Read more: http://thehill.com/policy/healthcare/346560-cbo-to-release-report-tuesday-on-ending-obamacare-insurer-payments
More drama tomorrow. and ACA sabotage by Trump continues.