Thursday, July 27, 2017

Top insurance CEOs openly blaming Trump sabotage for rate hikes and empty markets

While the Senate stages the world's deadliest bit of improvisational theater in an attempt to gut both the Affordable Care Act and, now, Medicaid as a whole, the Trump administration has been openly threatening to withhold federal subsidies to the insurers that make up the Obamacare marketplaces. That would obviously decimate those markets. Already, insurance companies are openly citing the uncertainty over whether they will be getting paid for double-digit rate increases.

Now Anthem CEO Joseph Swedish is making the point even more bluntly: If the Trump administration continues to threaten to withhold those payments, his company will be leaving some of those markets entirely....
https://www.dailykos.com/stories/1684215


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