Trump administration takes another major swipe at the Affordable Care Act

The following article by Amy Goldstein was posted on the Washington Post website July 7, 2018:

Seema Verma, administrator of the Centers for Medicare and Medicaid Services, listens during a meeting on healthcare reform. Credit: Jabin Botsford, The Washington Post)</em.

The Trump administration took another major swipe at the Affordable Care Act, halting billions of dollars in annual payments required under the law to even out the cost to insurers whose customers need expensive medical services.

In a rare Saturday afternoon announcement, the Centers for Medicare and Medicaid Services said it will stop collecting and paying out money under the ACA’s “risk adjustment” program, drawing swift protest from the health insurance industry.

Risk adjustment is one of three methods built into the 2010 health-care law to help insulate insurance companies from the ACA requirement that they accept all customers for the first time — healthy and sick — without charging more to those who need substantial care.

View the complete post on the Washington Post website here.