U.S. health insurers want the federal government to shell out billions of dollars to continue funding for ObamaCare subsidies in order stabilize the insurance marketplace.
Insurers also want the government to pour money into a fund that helps them cover expensive claims they're seeing in the individual insurance market, where they have had a hard time attracting healthy customers to balance bills from the sick. About $15 billion annually through 2019 would help, the National Association of Insurance Commissioners told congressional leaders in a letter sent last week.
If the government fails to deliver, insurers have powerful leverage: They don't need these markets as much as the markets need them.
They could jack premiums as much as 20 percent to make up for the lack of funding or they might pull back, leaving even fewer choices in markets that have already grown thin in many pockets of the country.
http://www.foxbusiness.com/markets/...o-pump-billions-into-obamacare-subsidies.html
Insurers also want the government to pour money into a fund that helps them cover expensive claims they're seeing in the individual insurance market, where they have had a hard time attracting healthy customers to balance bills from the sick. About $15 billion annually through 2019 would help, the National Association of Insurance Commissioners told congressional leaders in a letter sent last week.
If the government fails to deliver, insurers have powerful leverage: They don't need these markets as much as the markets need them.
They could jack premiums as much as 20 percent to make up for the lack of funding or they might pull back, leaving even fewer choices in markets that have already grown thin in many pockets of the country.
http://www.foxbusiness.com/markets/...o-pump-billions-into-obamacare-subsidies.html