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Thursday, July 12, 2018

Health insurance premiums in flux
As health insurers prepared to file their rate requests Wednesday for individual plans in Tennessee next year, the Trump administration has thrown a wrench into the current payment method that adjusts payments to insurers to compensate for plans to cover higher risk individuals. The Centers for Medicare and Medicaid Services (CMS) has decided to freeze more than $10 billion of planned risk adjustment payments to health insurers under the Affordable Care Act. Administrator Seema Verma said the agency sided with a court decision in New Mexico which ruled that the risk-adjustment formula was illegal even though another court challenge upheld the program. The Blue Cross and Blue Shield Association in Tennessee said removing risk adjustment payments "will significantly increase 2019 premiums for millions of individuals and small business owners." The uncertainty about the pool of those insured is likely to cause companies to charge more to cover their higher risk. Tennessee's market had appeared to be stabilizing with two new insurers entering the market next year and BlueCross BlueShield of Tennessee said it expected relatively stable rates next year. But the suspension of the federal payments for insurers who take on riskier consumers will complicate next year's market and boost prices again. Julie Mix McPeak, Commissioner of the Tennessee Department of Commerce and Insurance and who is president of the National Association of Insurance Commissioners, said she hopes the uncertainty about the payments can be resolved quickly. "State regulators will be in contact with carriers to determine the potential impact a lengthy suspension of risk adjustment payments could have on solvency and premiums," McPeak said.


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Tuesday, January 22, 2019

  • Moore arrest
  • Lee sworn in as governor
  • MLK Celebration
  • Pit Bull attack
  • Knoxville trucker injured
  • Sanctuary cities
  • Gasoline moves higher

    Saturday, January 19, 2019

  • Broadway work wrapping up
  • Some Smokies open over the holiday
  • Lakeway Pallet fire
  • Unemployment benefits for federal workers
  • Bill Lee on issues

    Thursday, January 17, 2019

  • Graham home destroyed
  • Four inmates charged with assault
  • Cocke Circuit Court
  • Hepatitis C cases increasing in Tennessee

    Wednesday, January 16, 2019

  • Trouten/Franklin
  • Lane sentencing
  • The Wall
  • Hang up the phone..... while driving
  • Should national parks be open ?
  • Should national parks be open ?

    Tuesday, January 15, 2019

  • Cocke County Finance Committee
  • Warrants issued by Cocke County Circuit Court
  • A thru Z theft
  • VW to expand in Tennessee
  •    

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