Trump raises alarm on ObamaCare 'death spiral' as insurers flee

Trump raises alarm on ObamaCare 'death spiral' as insurers flee

"Centene recognizes there is uncertainty of new health care legislation, but we are well positioned to continue providing accessible, high quality and culturally sensitive health care services to our members", Centene President and CEO Michael F. Neidorff said.

For most insurers in most states, June 21 is the deadline for submitting documents to state regulators about whether and where they will participate, and how they'll set premiums, Corlette explained. His Department of Health & Human Services secretary, Tom Price, said at a June 8 hearing, "Nobody is interested in sabotaging the system".

In addition, CMS projects that another 40 percent of the country - 1,200 counties - will have just one insurer active on health insurance exchanges in 2018.

Anthem Inc (NYSE:ANTM) announced last Tuesday that it will not participate in Ohio's ObamaCare exchange, leaving roughly 20 of the state's counties without any insurers.

"Consumers are sending a clear message that cost and affordability are major factors in their decision to cancel or terminate coverage", said CMS administrator Seema Verma. But Stephanie Marquis, a spokeswoman for Mike Kreidler, the state's insurance commissioner, said he'd since had two meetings with insurers about finding providers for those counties. "We're really hopeful, and I know everybody is working incredibly hard to make sure that does not happen".

The Trump administration has threatened to stop paying subsidies to insurers that help some lower-income people use their insurance plans. "We'll be working to identify coverage options for consumers, but that process will take some time". "Without certainty as to whether or not cost-sharing subsidies will be paid", Green said, "they will significantly raise their rates or exit the marketplaces altogether".

Premiums for the benchmark plan increased an average of 22% for 2017.

Senators have said they will create their own plan rather than move on to the House-passed measure. The vice president and Trump had lunch with senators at the White House on Tuesday to receive an update on the AHCA's progress.

In a visit to OH on June 7, Trump called on Congress to move quickly with its Obamacare replacement bill, which is being revised by the Senate after being passed by the House.

A repeal bill of Obamacare has passed the House and is now being worked on in the Senate.

"The option of doing nothing is simply not there", said Sen.

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