Health Payer Intelligence July 5, 2018
The individual health plan and federal exchange markets have experienced several challenges related to affordability and consumer choice, CMS says.
CMS has released three new reports indicating that the individual health plan and federal exchange markets faltered somewhat in 2017 because of increasing premiums, decreasing competition, and stagnant enrollment.
The agency believes that the individual and exchange health plan markets are mainly troubled by rising premiums, which create financial stressors for consumers and the federal government alike.
Consumers may not be able to afford premiums without large federal subsidies. Even when subsidies are available, many health plan shoppers are deciding against purchasing insurance at all due to the remaining expenses, CMS cautioned.
The repeal of the individual mandate means that...
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