Posted on Friday, April 13, 2018 3:47 PM
Earlier this week, CMS issued the HHS Notice of Benefit and Payment Parameters for 2019. This final ruling will lessen the harmful effects of ObamaCare and allow states to control their insurance market.
“Too many Americans are facing skyrocketing premiums that they can’t afford and every year consumers are faced with the threat of fewer choices. This rule gives states new tools to stabilize their health insurance markets and empower citizens to find coverage that fits their families’ needs and budgets,” said CMS Administrator Seema Verma.
“The Patient Protection and Affordable Care Act has led to higher premiums and fewer choices. Between 2013 and 2017, the average premiums more than doubled in the states using the Federal Health Insurance Exchange platform and half of the counties in America had only one issuer to choose from this year. The final rule provides states with the tools needed to help lower health premiums or, stabilize premium growth. The final rule will also enhance consumer choice by removing provisions that discourage issuers from offering plans that address the specific needs of Americans. “
The final rule included the following key provisions: increasing flexibility, improving affordability, strengthening program integrity, empowering consumers, promoting stability and reducing unnecessary regulatory burden.
For the full release click here.
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