Insurers have an extra three weeks to file their rate requests for ACA exchanges next year, the Hill reports. The drop-dead deadline is now September 20. Insurers are skittish, particularly about whether the Trump administration will continue giving subsidies to health plans that serve older and/or sicker beneficiaries.
“The payments have been made on a month-to-month basis while the administration makes a decision, but insurers want a longer term commitment and have threatened to increase premiums or leave the market if they aren’t continued,” the Hill reports.
Participating insurers must sign contracts by September 27. Open enrollment begins November 1.
Source: The Hill