A bipartisan Senate proposal to stabilize health insurance markets and continue paying subsidies to insurance companies would produce a modest reduction in federal budget deficits but would not substantially change the number of people with coverage, the Congressional Budget Office said on Wednesday.
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Anthem’s membership in the Affordable Care Act marketplaces will decline by 70% in 2018, executives told investors Wednesday on the insurer’s third-quarter earnings call. About 1.4 million people had ACA-compliant plans with Anthem as of Sept. 30, 900,000 of whom bought coverage on the exchanges.
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As California health care officials brace themselves for changes to the Affordable Care Act by President Donald Trump and the Republican-controlled Congress, state lawmakers today and Tuesday will hold a hearing examining the gaps in coverage and financing of California’s current system.
Among the topics expected to be front and center is single-payer health care and Senate Bill 562, introduced earlier this year by Senators Ricardo Lara, D-Bell Gardens, and Toni Atkins, D-San Diego. That controversial proposal would replace California’s private health insurance market with a single, government-run plan with no premiums or deductibles for nearly 40 million Californians.
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The leaders of two major congressional committees reached a deal to fund Obamacare insurer payments in exchange for delaying enforcement of the law’s individual and employer mandates.
The chairmen of the Senate Finance and House Ways and Means committees released the framework of the deal Tuesday.
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