The Department of Health and Human Services lacks the authority to bail out insurers through the transitional reinsurance program with taxpayer funds that were meant to go to the U.S. Treasury, according to a report from the Government Accountability Office.
More than 40 House Republicans have warned the Obama administration against bailing out Obamacare insurers who have lost money on the exchanges, telling the secretary of Health and Human Services that Congress would closely scrutinize any such effort.
BlueCross BlueShield announced it will not sell Obamacare coverage in Nashville, Memphis, and Knoxville, Tennessee in 2017, citing losses of $500 million.
There were 8,061,604 taxpayers who paid $1,694,088,000 in Obamacare penalties for not having health insurance in 2014—the first year in which individuals were mandated to pay the fine, according to the most recent data from the Internal Revenue Service.
The Affordable Care Act has expanded Medicaid and has added to its unsustainable spending trajectory, according to a report from the Mercatus Center.
Obamacare enrollees had trouble affording and accessing health care as well as understanding how to use their plans, according to a report from the Government Accountability Office.
Health Republic Insurance of New Jersey is folding after the state’s insurance commissioner put the Obamacare co-op in “rehabilitation” due to its hazardous financial condition.
The Obamacare marketplaces approved health care coverage for fake applicants and approved these accounts for $60,000 in subsidies during a new undercover test, according to a report from the Government Accountability Office.
The Obama administration could bail out Obamacare insurers through its risk-corridor program, according to an expert from the Mercatus Center.
Democratic senators including Sen. Elizabeth Warren (D., Mass.) and Sen. Bernie Sanders (I., Vt.) have written a letter to Aetna, attacking the company for withdrawing from the Obamacare exchanges.