Issuers Hold Steady in State-based Exchange States
On Monday, July 10th, the Centers for Medicare and Medicaid Services (CMS) released a tally of issuer submissions to offer individual market coverage through the Federally-facilitated Exchange. The National Academy for State Health Policy (NASHP) conducted an analysis of preliminary rate filings for states that have opted to run a State-based Exchange (SBE), finding that issuer participation is anticipated to remain steady in the SBE states. NASHP will track and updates submission as they become finalized early in the fall.
“SBE officials remain hard at work in partnership with their state insurance departments and issuers to maintain consumer choice for exchange enrollees, said NASHP Executive Director, Trish Riley. “These states are working to preserve affordable options amid uncertainty over national policies of consequence to insurance markets including funding for cost-sharing reduction (CSR) payments and further regulatory and legislative reforms made to the Affordable Care Act.”