A Senate committee has scheduled hearings for early September over how to cushion the blow of planned double-digit rate increases on premiums for Obamacare plans in many states.
The Senate Health, Education, Labor and Pensions Committee will hold a hearing Sept. 6 with state insurance commissioners and on Sept. 7 with governors, in which they will discuss how to stabilize premiums. In many states, unsubsidized premiums are set to increase by double digits following mass exits by insurers as a result of uncertainty over what’s ahead and as they wait for information about how much they will receive in federal funds. They also have left the Obamacare exchanges as they lose hundreds of millions of dollars from selling plans.
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