The Weekly Insight: October 23

23rd Oct 2017

Texas Insight Reports: October 16-20

  • The Hidden Cost and Expense of Thumbing your Nose at Obamacare: The administration’s decision to stop reimbursing insurers for discounts on co-payments and deductibles, that they are required by law to offer to low-income consumers, will cause problems, but not in the way that you might expect. The reimbursements are known as cost-sharing reduction payments, or CSRs. Tim Jost (professor emeritus of law at Washington and Lee University), in speaking to NPR stated that “ending the CSR payments is another sign that President Trump is doing what he can to undermine the stability of the individual market under the ACA.” The problem the Administration encounters is the payments are required by law and cannot be eliminated through an executive order. What is happening is the President will withdraw the money providing the subsidies, but the participating companies must still grant them to eligible participants.
  • Just the FAQs, Ma’am… Q and A related to the Policy Council for Children and Families: The Policy Council for Children and Families met recently and several questions were addressed. The most substantive issues and questions are addressed through the FAQs provided in this document.
  • The Individual Mandate for Health Insurance Coverage: In Brief: This report provides an overview of the individual mandate, its associated penalty, and the exemptions from the mandate. It discusses the ACA reporting requirements designed, in part, to assist individuals in providing evidence of having met the mandate. The report includes some national- and state-level data on the application of the mandate’s penalty in tax year (TY) 2014 and TY2015.

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