Tennessee Planned For President Trump To Cut Obamacare Payments To Insurers

WPLN

October 13, 2017 — Tennesseans on Obamacare insurance should not see any immediate change from President Trump’s announcement to end some subsidies, according to the state’s top insurance officials. This possibility had already driven insurers to hike their rates for plans on the Obamacare exchange.

“Tennessee required the insurance companies, when they were submitting their premium rate filings — their proposed increases — they required insurance companies to assume this is exactly what was going to happen,” says Brian Straessle of the non-partisan Sycamore Institute.

According to Sycamore’s calculation, the prospect of losing the CSR payments accounted for about 14 percent of the overall price increase for Obamacare plans in Tennessee this year.

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