Obamacare Insurers, States Rush to React to Trump's Latest Move
- States may allow insurers to raise 2018 premium costs
- Molina, Centene won’t say if they plan to remain in markets
Examination equipment hangs on the wall in a trauma exam room at Perry Memorial Hospital in Princeton, Illinois, U.S., on Friday, Sept. 1, 2017. Almost eight months after President Donald Trump took office and promised to immediately repeal Obamacare, Republican senators are instead developing a small package of changes to help the health law rather than end it.
Photographer: Daniel Acker/BloombergStates regulators and health insurers are rushing to react to the latest move by the Trump administration to dismantle parts of the Affordable Care Act, less than three weeks before their citizens and customers start signing up for coverage.
President Donald Trump’s administration said this week it wouldn’t pay subsidies to insurers that are used to help lower-income people with medical costs. In response, some regulators say they’ll need to reconsider the rates health insurers can charge -- a move that could lead to sharp increases in states such as Colorado, Oregon and Maryland.