This from Fortune magazine on Anthem’s decision to pull out of the Nevada health insurance exchange:
“In its announcement, Anthem said it had spoken with state leaders and regulators, but the deteriorating market, paired with uncertainty at the federal level, led the company to make a “difficult” decision. The Senate recently failed to make good on the GOP’s years-long campaign promise to repeal the law known as Obamacare, and insurers say Trump has added to instability in the markets with threats to stop paying so-called cost-sharing reduction subsidies.” (emphasis added)
The administration has several ways to sabotage the Affordable Care Act and failure to support the cost sharing reduction subsidies is one of the prime one.
Thanks Mr. Trump.
The Republicans are all but giddy over repealing the Deathly Obamacare! The “Failure,” which isn’t failing by any stretch of the imagination; the “Socialized Medicine,” which in fact subsidizes the private marketplace for health insurance coverage… And what of those subsidies which help pay for health insurance plans in Nevada?
Nevada has 79,876 enrolled in the ACA marketplace. 71,472 of them are receiving Advance Premium Tax Credits, that would be 85%. 48,736 policy holders in Nevada are receiving Cost Sharing Reductions; 61%. [KFF]
Shouldn’t it be interesting when 85% of the Nevadans who are enrolled in marketplace health insurance plans find out that with “repeal” comes the prospect of getting no help to pay the premiums for the family health insurance policy?
What are the options? Buy cheap policies, some of which meet the Consumer Reports standard for Junk? Drop coverage and let medical problems wait until it’s time to take a trip to the ER?
Let us remind ourselves that there are some 751,165 households in the state of Nevada, and 79,876 of them are enrolled in an ACA marketplace private health insurance plan. That’s about 11% of the households in the state standing to lose assistance securing affordable health insurance policies.
We also need to remember that these households are those which do not have employer provided health insurance for their family members – like small business owners, independent contractors, low wage contract laborers…
Next time the GOP rants on about “helping the Working People of America,” or “protecting small family businesses” remind them they didn’t mind shoving the props out from under these people when it came time to help them get affordable health insurance. Is this OK for Senator Heller and Representative Amodei?