Fierce Health Payers October 9, 2020
The population on the Affordable Care Act’s (ACA’s) exchanges that do not get subsidies declined by 45% from 2016 to 2019, a new report from the Trump administration found.
The report, released Friday (PDF) from the Centers for Medicare & Medicaid Services (CMS), argues that people who don’t qualify for income-based subsidies to lower the cost of insurance are being priced out of the exchanges.
“While premiums have stabilized, middle class Americans can’t afford Obamacare’s expensive premiums,” said CMS Administrator Seema Verma in a statement Friday.
A large majority of ACA enrollees get tax credits. Last year, 87% (approximately 9.3 million) of exchange enrollees who selected a plan through HealthCare.gov got an advance tax credit.
But this is the third...
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