With the “repeal and replace” effort at an impasse on Capitol Hill, the Trump administration has released a set of fixes to stabilize the Affordable Care Act’s shaky insurance markets for next year.
The insurance industry quickly said the changes, released Thursday evening, don’t go far enough.
While calling the administration action a step in the right direction, the industry is looking for a guarantee that the government will also keep paying billions in “cost-sharing” subsidies that help consumers with high deductibles. President Donald Trump says he hasn’t made up his mind on that.
Kelly Cannon, a spokeswoman for Blue Cross and Blue Shield of Kansas City, released a statement saying the company applauded the changes, but noted that the federal administrator who spearheaded them, Seema Verma, said herself that they “are not a long-term cure” for problems in the Affordable Care Act insurance markets.
“We will continue our work with legislators and regulators to address our concerns and find solutions to help further stabilize these markets,” Cannon said.
Read more: Kansas City Star