Premium subsidy boost will test the ACA exchange system
Peter Lee says insurers and exchanges must post big sales or expect big changes.
By Allison Bell|March 18, 2021 at 10:19 AM|The original version of this story was published on ThinkAdvisor
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President Biden has signed a bill, H.R. 1319, that brings two big new American Rescue Plan Act (ARPA) health insurance premium subsidy increases to life.
Peter Lee, executive director of Covered California — California’s Affordable Care Act (ACA) public health insurance exchange — told health insurance company executives Wednesday that they could persuade Congress to make the temporary ARPA subsidy increases permanent, if they do a great job of using the subsidies to sell more people health insurance.
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