California tells insurers to charge higher rates if ACA subsidies aren't paid
AP file photo
California's Affordable Care Act marketplace says insurers should charge higher premiums if the fate of the ACA's cost-sharing subsidies isn't clear by mid-August, California Healthline reports. The marketplace had asked insurers to submit a second, higher set of rates as a backup in case the Trump administration and Congress don't decide whether to continue reimbursing insurers for the subsidies.
Why it matters: It's more evidence that ACA rate increases will be even higher if the administration and Congress don't resolve their dispute over the subsidies.