Here are five points:
1. President Trump said he could stop the subsidies “anytime time I want.”
2. Cost-sharing reduction payments currently total nearly $7 billion annually.
3. Several payers have vowed to completely exit the exchanges if the government ceases the subsidies.
4. Republicans have long opposed the payments, which an ACA provision created. The House GOP sued the Obama administration for paying the subsidies without Congress approval.
5. The payments are only set for the next month and President Trump indicated he does not plan on continuing the payment past that time frame.
More articles on coding and billing:
Quality management-related electronic health data lacking — Poses challenge for value-based payments
56% of U.S. public disapproves of American Health Care Act: 5 insights
Aetna completely withdraws from ACA exchanges — 5 takeaways
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
