The CEO of one of the nation’s largest insurers, Anthem, sent a letter to the GOP chairman supporting major elements of a GOP plan to replace Obamacare. The CEO endorsed key parts of the repeal bill, known as American Health Care Act, and asked the lawmakers to fast-track it.
The Hot Air reports:
Anthem expressed support for bill provisions that would repeal Obamacare’s health insurance tax, temporarily continue the law’s cost-sharing subsidies, and allow customers to receive tax credits off the Obamacare exchanges.
According to Modern Healthcare, Anthem’s letter also says that “The American Health Care Act addresses the challenges immediately facing the individual market and will ensure more affordable health plan choices for consumers in the short term”. This letter stands in contrast to a letter sent by America’s Health Insurance Plans (AHIP) which called for changes in the GOP’s proposed replacement plan.
Marilyn Tavenner, CEO of America’s Health Insurance Plans, said in a letter to House leaders that the bill should be revised to offer premium tax credits that factor in both the age and income of a health plan member. She wrote that there should be larger subsidies for individuals with incomes between 100% and 400% of the federal poverty level.
“Tax credits related to age as well as income will help ensure that more people stay covered, and are the most efficient and effective way to allocate tax-payer dollars,” she wrote.
Anthem is America’s second largest Insurer and currently offer plans to 14 states. Last year, the company warned that it would consider selling plans on Obama’s exchanges in 2018 should the market not improve in 2017
“The financial performance in individual ACA compliant products has been disappointing as membership has been short of our original expectations,” CEO Joseph Swedish said in November. That was before open enrollment numbers on the federal exchange came in lower than last year.