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  Trump administration takes another major swipe at the Affordable Care Act
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ContributorRP 
Last EditedRP  Jul 08, 2018 06:38pm
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CategoryRule Change
AuthorAmy Goldstein
News DateSaturday, July 7, 2018 11:45:00 PM UTC0:0
DescriptionThe Trump administration took another major swipe at the Affordable Care Act, halting billions of dollars in annual payments required under the law to even out the cost to insurers whose customers need expensive medical services.

In a rare Saturday afternoon announcement, the Centers for Medicare and Medicaid Services said it will stop collecting and paying out money under the ACA’s “risk adjustment” program, drawing swift protest from the health insurance industry.

“Risk adjustment is a mandatory program under federal law,” said Scott Serota, president of the Blue Cross Blue Shield Association. “Without a quick resolution . . . this action will significantly increase 2019 premiums for millions of individuals and small business owners. . . . It will undermine Americans’ access to affordable coverage, particularly for those who need medical care the most.”
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