Trump Moves to Stabilize the Obamacare Exchanges
by SEAN MORAN
14 Apr 2017
The Department of Health and Human Services (HHS) released a new rule on Thursday to keep insurers in the Obamacare exchanges.
HHS will make changes to the individual insurance marketplace to prevent insurers from leaving the Obamacare exchanges or raising insurance premiums next year.
The Trump administration’s new rule seeks to stabilize the Obamacare insurance marketplace while Congress continues to work on repealing Obamacare.
The new rule includes several changes insurers requested to keep them in the insurance marketplace:
Shortening the sign-up period for 2018 by half, lasting from Nov. 1 to Dec. 15.
Requiring people who sign up for coverage in special enrollment periods to prove they qualify. This rule will cut down on people who only sign up for coverage once they get sick.
Allowing insurers to require people to pay past-due premiums before enrolling in a new plan with the same insurer the following year.
Allowing insurers the flexibility to offer health plans with fewer options.
Insurance companies cheered the new rule but cautioned that they will wait to see how the Trump administration will handle Obamacare’s insurance reimbursements.