Wednesday, March 28, 2018

Obamacare sticker shock forcing states to scramble

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(WashingtonTimes) Congress failed to tamp down Obamacare premiums in last week’s spending bill, shifting the burden onto states, where governors and legislatures are facing growing pressure — but few good options — to bring down rates before companies finalize their 2019 prices.

Politicians at all levels of government are fearing another round of sticker shock for consumers this fall as insurers jack up prices, blaming both the original 2010 health law and the moves Congress and the Trump administration have made to undercut it in the years since.

Capitol Hill had a chance to lower rates with a stabilization bill Republicans had hoped to attach to last week’s spending package. But Democrats balked, and Congress likely missed its last chance to act before the new rates are set.