In the Health Reform Update for the past week, Senate Republicans heighten their scrutiny of reinsurance payments intended to stabilize premiums under the Affordable Care Act (ACA), as shortfalls continue to result in the closure or departure of Marketplace insurers.
CIGNA joins with Anthem Blue Cross and Aetna in deciding to expand their Marketplace presence next year, helping to fill the gaps left by the departures of UnitedHealth Group and Humana. Insurance regulators in Ohio, Oregon, and Illinois are negotiating agreements with insurers to allow consumers of four failed health insurance cooperatives to apply their existing out-of-pocket expenses to new coverage.
Despite dramatic rate hikes sought by individual insurers in states like Maryland, Pennsylvania, and Texas, a new study from the Kaiser Family Foundation shows that individual market premiums have actually declined since the ACA was fully implemented. The Centers for Medicare and Medicaid Services announces that premiums for Medicare Part D drug plans will remain stable for 2017.
Arizona becomes the last state to provide coverage for children from low and middle-income families after receiving federal approval to unfreeze its enrollment in the State Children’s Health Insurance Program.