U.S. health insurers say President Donald Trump’s decision to suspend a program slated to pay $10.4 billion to insurers for taking on high-risk Americans in 2017 could lead to higher premiums and create market uncertainty.
According to a Reuters report, the administration temporarily put the lid on the Affordable Care Act’s “risk adjustment” program which was used to incentive insurers to cover individuals who suffer from pre-existing and chronic conditions. Insurers with healthy enrollees would provider money to the program to offset costs incurred by insurers with a less healthy base.
The effort the suspend the program is the latest move against the health care law by the Trump administration.
Reuters reports about 20 million individuals have purchased health insurance through the ACA.