Blue Cross Blue Shield North Carolina has requested a hefty 22.9 percent Obamacare rate increase for 2018. Most of this increase is due to the fact that the health plan does not expect the Trump administration to keep paying the law’s cost-sharing reduction subsidies.
“The information we’ve seen coming from the administration actually creates more uncertainty rather than greater certainty. The last thing I saw was the president saying he intends to make the CSR money available through May 2017. That’s good news and we’re grateful for that assurance. But what he has not said is what about June through December, what about 2018. There’s a big void. There is no assurance.
We try to deal with reality, what is being said right now, what can we reasonably rely on. We had to file a rate last week. If things change, or the money is made available, I’m sure we’d take that into account. But right now we cannot assume nor should we assume the money is going to be there. Not based on what we know today.”