The Trump administration yesterday proposed changes that could raise health insurance costs for millions of Americans who get coverage on the job or receive subsidies under the Affordable Care Act, the Wall Street Journal reported. The proposal, released by the Centers for Medicare and Medicaid Services, would raise the out-of-pocket maximum that people with employer-sponsored coverage pay in 2020. The individual maximum would increase by $200 to $8,200 annually, and the maximum for family coverage would increase by $400, analysts said. The plan would also change a calculation that determines how much people pay if they buy insurance from the ACA exchange and get credits to reduce their monthly premiums. The change could raise premiums next year for many of the roughly 9 million people who get the credit. About 100,000 fewer people are expected to have coverage on the exchanges as a result, according to the proposed rule. Overall, the increase would lead to net premium increases totaling about $181 million for the 2020 benefit year. Read more. (Subscription required.)
Miss the addresses by former White House Counsel Don McGahn and former Governor Howard Dean from yesterday's Health Care Distress Program? Watch C-SPAN's coverage:
- McGahn: http://goo.gl/ExbvdH
- Dean: http://goo.gl/sGVvtV