House GOP’s Legal Challenge To Health Law Could Cause Premiums To Rise
The Obama administration said that, if upheld, last week's Republican victory in federal court could have significant market implications.
The New York Times:
House Challenge To Health Law Could Raise Premiums, Administration Says
Victory for House Republicans in federal court last week could mean significantly higher health insurance premiums for millions of people if the decision is upheld on appeal, the Obama administration said Monday. And much of the cost for those higher premiums could be passed on to the federal government and taxpayers, administration officials and health policy experts said. The ruling by Judge Rosemary M. Collyer of the United States District Court for the District of Columbia would block the administration from reimbursing insurers for discounts provided to millions of low-income people under the Affordable Care Act. Without that money, insurers would have to increase premiums for many people purchasing insurance through the health law’s online marketplaces, the administration said. (Pear, 5/16)