As noted in a previous blog entry, the Administration has ways of partially immunizing health insurers from losing money in ObamaCare’s exchanges. A later entry proposed that early results of open enrollment for ObamaCare, which began on October 1, suggest that health insurers will require a bigger bailout than originally anticipated, and the Administration is searching for ways to do this without Congressional approval.
By the end of November, the U.S. Department of Health & Human Services (HHS) released its proposed rule for payment parameters for 2015. However, as well as proposing the parameters for reinsurance, risk adjustment, and risk corridors for the second year of the ObamaCare exchanges, the proposed rule sketched out some of the adjustments it plans to make to the previously finalized rule for 2014.
The one that jumps out is the change the attachment point for reinsurance. As described in the earlier post, the attachment point for 2014 was set at $60,000, with a maximum of $250,000.