Trump administration officials shook health insurers, and healthcare providers, late Thursday by announcing they will cut offAffordable Care Act cost-sharing reduction (CSR) subsidy programpayments.
The $7 billion cost-sharing reduction subsidy program is helping7 million ACA exchange plan users with income from 100% to 250% ofthe federal poverty level handle health plan deductibles,co-payments and coinsurance amounts for silver-level coverage. Themoney goes straight to the health insurers. The next payment to insurerswas due next week.
Eric Hargan, the new acting secretary of the U.S. Department ofHealth and Human Services, and Seema Verma, the administrator ofthe Centers for Medicare and Medicaid Services, said in a memo thattheir legal advisors believe the government lacks a validcongressional appropriation to make program payments.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
