07-07-2017, 04:28 PM
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Confirmed User
Industry Role:
Join Date: Feb 2010
Location: California
Posts: 3,068
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Crockett is right. The key points from the Health and Human Services report (which can be found here) are:
1. The transitional reinsurance and permanent risk adjustment programs functioned smoothly for the 2016 benefit year, as the Patient Protection and Affordable Care Act compliant market continued to grow.
2. The transitional reinsurance program continues to provide significant protection to individual market issuers with exceptionally high-cost enrollees.
3. Both the transitional reinsurance program and the permanent risk adjustment program are working as intended in compensating plans that enrolled higher-risk individuals, thereby protecting issuers against adverse selection within a market within a state and supporting them in offering products that serve all types of consumers.
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