Indecision by the Trump administration is causing payers to raise premiums, often by double digits, according to a Kaiser Family Foundation study, reported on by the Los Angeles Times.
Here's what you should know:
1. President Trump's actions have created uncertainty "far outside the norm." Payers are seeking out higher premium increases because of it.
2. The Kaiser Family Foundation examined proposed 2018 premiums and found in 15 major cities customers will see rate increases of more than 10 percent.
3. In Wilmington, Del., payers are increasing premiums by 49 percent. Providence, R.I., is decreasing premiums 5 percent. It's the only city to decrease premiums.
4. Payer participation in the ACA will be at its lowest since when the exchanges began.
5. In reviewing state rate filings, the Kaiser Family Foundation found many of the increases could be attributed to uncertainty around the exchanges.
According to the study, "The vast majority of companies in states with detailed rate filings have included some language around the uncertainty, so it is likely that more companies will revise their premiums to reflect uncertainty in the absence of clear answers from Congress or the administration."
6. Payers are also increasing rates in anticipation of lost subsidies. President Trump has threatened payers several times that subsidies would be stopped if the ACA was not repealed.