As anticipated, we have seen major developments since our cost-sharing reduction (CSR) blog post just a short two months ago. As a refresher, CSR payments are a discount that lowers the amount a low-income patient pays for deductibles, copayments and coinsurance. In early October, President Donald Trump announced his decision to stop CSR payments, leaving many legislators, experts and others concerned about potential health care cost increases and the stability of the health care market.
Although health insurance companies will stop receiving these payments, they are still required to offer out-of-pocket discounts to qualifying patients. The nonprofit Kaiser Family Foundation estimated that insurers would have to raise premiums by approximately 19 percent to make up for the loss of the government’s payments.
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