Report: GOP Obamacare Plans Won’t Stave Massive Disruption of Insurance Market

The Hill: “Republicans have spent months pitching ideas on how to limit the potential fallout from next month’s Supreme Court decision that could wipe out ObamaCare insurance subsidies in at least 34 states.”

“But so far, none of their proposals are likely to stave off the massive disruption of the healthcare marketplace that would result from a ruling against the Obama administration, according to a new report by the American Academy of Actuaries.”

“The changes to the risk pool would be particularly costly for insurance companies because they cannot make mid-year adjustments to their rates if the court rules against the subsidies.”

“’That’s the big worry. That’s really the biggest worry for most us working in the field, the fact there’s no ability to reset things,’ said the report’s author, Cathy Murphy-Barron, who has spent 25 years as a health policy actuary.”

“Another popular Republican plan — a temporary extension of premium subsidies — also drew criticism from the American Academy of Actuaries, which warned that it would only ‘delay the market disruption.’”

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