Administration to Make September Subsidy Payment for ACA Coverage
A White House spokesperson announced this week that the cost-sharing subsidy payment will be made for September. The payment is made to insurers to help defray the cost of covering some enrollees in the Affordable Care Act’s individual marketplace.
There has been growing concern over the last several months that the Trump Administration may decide to discontinue the payments. The uncertainty for insurers has made it difficult to project premium increases for 2018. In fact, the Trump Administration extended the rate-filing deadline to allow insurers to file additional rate increases that would account for changes such as discontinuing the subsidy payments or eliminating the individual mandate.
Despite the decision to pay the subsidy for September, the Administration indicated that it has not yet made a final determination on whether to continue the subsidy payments permanently.