Trump administration freezes billions in Obamacare payments, outraging advocates
July 8, 2018, Politico, Politico Staff- The Trump administration is freezing billions of dollars of payments to Obamacare health insurers, another blow to the fragile markets as health plans begin to set premiums and get ready for the next enrollment season. The so-called risk adjustment payments are supposed to protect insurers from big losses. The health plans pay into a pool - this doesn’t involve tax dollars - and funds are transferred to insurers that ended up with many high-cost patients. In 2017, $10.4 billion was involved. But insurers said even a temporary, uncertain pause is damaging, and political opponents of the Trump administration took to Twitter to say a decision is part of a pattern of Republican attempts to sabotage Obamacare, after failing to repeal it. The trade group America’s Health Insurance Plans said the “new market disruption” would create more uncertainty and drive up premiums for many health plans.Click here to view the story.