California slaps surcharge on ACA plans as Trump remains coy on subsidies
October 11, 2017
California's health exchange said Wednesday it has ordered insurers to add a surcharge to certain policies next year because the Trump administration has yet to commit to paying a key set of consumer subsidies under the Affordable Care Act.
The decision to impose a 12.4 percent surcharge on silver-level health plans in 2018 means the total premium increase for them will average nearly 25 percent, according to Covered California. Taxpayers, not consumers, will bear the brunt of the extra rate hike because federal premium assistance for policyholders, which is pegged to the cost of coverage, will also increase.
https://www.news-medical.net/news/20171011/California-slaps-surcharge-on-ACA-plans-as-Trump-remains-coy-on-subsidies.aspx
