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Trump Administration Tries to Calm Health Insurance Market With New ACA Rule

February 15, 2017

The Trump administration issued its first Obamacare regulation Wednesday, and it’s aimed at placating jittery health insurance companies threatening to pull out of the markets.

The proposed new rule shortens the 2010 Affordable Care Act’s enrollment period and forces people to do more to prove they’re eligible for changes outside that open enrollment period.

Related: Obamacare Uncertainty is Scaring Off Health Insurance Companies

The ACA was designed to get health insurance to more Americans, and it did. At least 20 million more people have health insurance than before the law was enacted. To achieve that goal, the Obama administration tried to make it easy for people to sign up, with a longer-than-usual open enrollment period and fairly lax rules on life changes that would allow people to buy or change health insurance outside the usual sign up period.

The new regulation would tighten up these practices, and, the Centers for Medicare & Medicaid Services (CMS), which administers the law, says, bring “stability” to the health care exchanges by dissuading nervous insurance companies from pulling out of the program, leaving customers with fewer choices of policies they can buy… (more)

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