OHIC works to limit health insurance subsidy cut’s effect on insured

MARIE L. GANIM, the Rhode Island Health Insurance Commissioner said that in order to mitigate impacts on health insurance rates, the state will focus insurance rate increases on the previously subsidized, passing the cost to the federal government. / PBN FILE PHOTO/ RUPERT WHITELEY
MARIE L. GANIM, the Rhode Island Health Insurance Commissioner said that in order to mitigate impacts on health insurance rates, the state will focus insurance rate increases on the previously subsidized, which in effect passes the cost to the federal government. / PBN FILE PHOTO/ RUPERT WHITELEY
PROVIDENCE — When President Donald Trump signed an executive order canceling Cost Sharing Reduction subsidies to 17,000 Rhode Islanders who depend on the program to afford health care insurance, the R.I. Office of the Health Insurance Commissioner asked insurers to add the lost funding to their 2018 Silver plan cost estimates, knowing that the Affordable Care Act requires the…

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