Bright Health joins Oscar Health in expanding into new markets, signaling the startup's bullish view of the increasingly expensive Obamacare exchanges.
The CMS is chopping funding available for federal exchange navigators to $10 million, down from $36 million last year. Groups winning contracts will be expected to promote not just qualified health plans but also association and short-term plans as well.
The CMS' suspension of the ACA's risk-adjustment payments will hit large insurers the hardest, but the timing and rollout has drawn sharp condemnation for causing more individual market turmoil for 2019.
More insurers are expected to offer individual health plans on more Affordable Care Act exchanges for 2019. The big question is whether they will expand into rural counties.
Health insurer exits from the exchanges, expensive premiums and limited commissions for those who enroll individuals in exchange plans have driven brokers and agents out of the market, the CMS said.
More health insurance exchange members paid their first-month premiums in 2018 than in 2017, despite fewer sign-ups during open enrollment, according to CMS data released Monday.
The Trump administration's decision to expand access to association health plans will encourage healthy people to seek the cheaper, less robust coverage options but also could lead millions to forgo coverage, according to Labor Department officials.
The plan, backed by a coalition of policymakers including former Sen. Rick Santorum, largely mirrors last year's failed Graham-Cassidy bill, and doesn't have a clear path to passage in Congress.
Although a federal appeals court ruled that health insurers aren't entitled to $12.3 billion in unpaid risk-corridor payments, some disappointed insurers indicated they aren't giving up their quest to secure the funds.
America's Health Insurance Plans, an insurer trade association, is pushing for states to set up reinsurance programs and for Congress to kill the industry's loathed tax to help mitigate premium increases on the Obamacare exchanges in 2019.
The Affordable Care Act remains an election talking point, but lawmakers are shifting their policy focus to the Trump administration's agenda as states take the reins on the exchanges.
The U.S. clung to its health insurance gains last year, an unexpected outcome after President Donald Trump's repeated attempts to dismantle the Obama-era coverage expansion, according to a major government survey released Tuesday.