The scheduled return of an Obamacare tax on insurance premiums in 2018 would cost New Yorkers $1.1 billion in the first year, according to an industry-sponsored report published this week.
Washington lawmakers are contemplating fallback healthcare legislation that risks repeating one of Albany’s most notorious policy blunders – and triggering a “death spiral” in non-group insurance markets nationwide.
Insurance tax credits in the U.S. Senate GOP’s health plan would have a mixed effect on New Yorkers, reducing net premiums for some young, low-income consumers shopping in the non-group market, but raising costs for older ones.
The U.S. Senate GOP’s health bill, though pitched as more moderate than the House plan, would be harder on New York in at least one respect.
The double-digit premium hikes looming for non-group health insurance consumers in New York appear to be driven more by state and federal government policy than by the underlying cost of medical care.
As health plans across the state announce their requested premium increases for 2018, the Cuomo administration’s policy decisions are taking more blame than the turmoil in Washington.
There are plenty of reasons for New Yorkers to be leery of the House Republican health plan, but Governor Andrew Cuomo’s gestures of resistance on Monday raise several objections
Thanks to New York’s unusual insurance laws, the impact of the House GOP health plan on the state’s non-group insurance market would be dramatically different than than virtually anywhere else.