And waiting until September to announce the specifics of the rules for short-term plans will.cause rates to spike even more! Hooray! Short-Term plans will cause rates to spike. Association plans will cause rates to spike. Mazel Tov, Republicans! Killing the mandate will cause rates to spike.
That would give insurers very little time to adjust their premiums to account for the finalized regulations - which would probably make them more likely to err on the side of caution and seek bigger initial increases.Federal officials told state regulators yesterday that new rules on short-term plans wouldn’t be finalized until the fall, Inside Health Policy reports (subscription required).And those markets could become even shakier before insurers have to file their rates. Most state governments probably won't be able to pass their own bills to help stabilize the Affordable Care Act marketplaces - or at least not in time to help stave off the next big round of premium increases. Sam Baker of Axios has a little more detail: Several sources stressed that the delay of the rule means that issuers will be unable to factor in the potential impact.
MILWAUKEE - State insurance commissioners and officials coming out of a closed-door meeting with CMS said the administration announced it will not finalize the rule on longer duration short-term plans until the fall and will delay implementation of that rule until January 2019 - though CMS disputed this characterization of the meeting when asked by Inside Health Policy. Via Inside Health Policy the rest of the article is locked behind a paywall, but you can guess the gist of it:
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