Final Rule on Exchange Plans Will Increase Out-of-Pocket Costs and Rip Coverage Away from Countless Americans
Washington, DC – Yesterday, the Centers for Medicare & Medicaid Services (CMS) issued its final rule for the annual Notice of Benefit and Payment Parameters (NBPP) for the 2020 benefit year, which outlines regulatory and financial guidelines applicable to exchange plans. The administration predicts a cut to premium tax credits by nearly $1 billion and 70,000 people losing their marketplace coverage. In response to this latest act of sabotage, Brad Woodhouse, executive director of Protect Our Care, released the following statement:
“The Trump administration issued the final rule for exchange plans while the whole country is focused on the Mueller report hoping to hide the rule’s disastrous impacts on Americans who are already struggling with the cost of their health care. These Trump administration changes will cause premiums to increase, make patients pay more out-of-pocket, put protections for people with pre-existing conditions further at risk, and rip coverage away from countless Americans. It’s high time for President Trump and his allies to reverse course and stop sabotaging our health care system.”