Latest ACA Tweak Is Frustration, Not Disaster, For Insurers

Law360, New York (December 20, 2013, 6:44 PM ET) -- Health insurers are rightly alarmed by the Obama administration’s decision Thursday to let older Americans with canceled policies buy cheap, bare-bones plans geared toward younger consumers, but financial impacts will be softened by Affordable Care Act safeguards and the unavailability of subsidies, experts say.

By announcing the temporary exception, regulators were taking another stab at making amends with Americans who were wrongly told that the ACA would not cause their policies to be scrapped. Although President Barack Obama last month permitted one-year extensions of canceled plans,...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required