U.S. Healthcare Future Remains Uncertain
The President's administration is asking for a 90 day delay before making a decision on whether to fight a court decision that could undo a section of the Affordable Care Act's cost-sharing reduction or drop its appeal, according to an article on The Hill.
Cost share reductions are an estimated $7 billion a year expenditure to insurance companies participating in ObamaCare to reduce deductibles for low income people who have their own insurance coverage.
We talked with a health care insurance expert from Ameriflex, Roger Abramson Tuesday morning on Rochester's Good Morning about how this probable delay would affect the insurance industry..
House Republicans had argued back in 2014 that those payments should have been funded through a congressional appropriation. The Hill reported that last year, a federal judge ruled in favor of the House, but the Obama administration appealed and the money has kept flowing during the appeal.