ACA Complexity to Grow as States Develop Their Own Healthcare Solutions
As the ACA enforce of compliance strengths and the lack of clear direction and foresight from the White House has forces individual states to take mattering into their own hands. Maryland has pass a bill that will go into effect in 2019, this bill will help fund high cost claims and untimely reduce premium by 20% for Maryland residents. Other states like Oregon, Minnesota, Wisconsin, Louisiana and Alaska are setting up similar laws to protect their residents from high claims and drive down premiums. These reinsurance program will have state funding set aside for high claims exposures. Even though the federal government is saying that they will not be enforcing the individual mandate penalty in 2019 many states have adapted their own requirement and enforcement of an individual mandate. All these new developments and requirements will place extra burden on those employers that operate in multiple states.
Tags: Affordable Care Act, Congress, Defending Access to Women’s Health Care Services Amendment Act, District of Columbia, Health Care Coverage, Health Insurance Marketplace, Healthcare.gov, Idaho’s Department of Insurance, Individual Mandate, Iowa Farm Bureau, IRS Letter 226J, Lawsuit, Maryland, Massachusetts, Nevada, Nevada Health Link, New Jersey, Penalties, Phil Murphy, Regulations, Republicans, Section 1332, Supreme Court, Tax Cuts and Jobs Act, The Commonwealth, Trump Administration, Wellmark Blue Cross and Blue Shield
Trackback from your site.