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October 22, 2018

Press Release

Florida Blue statement regarding President Trump's announcement that he will end health care subsidies

| 10/17/2017

The following is Florida Blue’s statement from Oct. 13 in response to President Trump's announcement that he will stop health care subscidies to participants of the Affordable Care Act:

“With close to a million Affordable Care Act, or ACA, members Florida Blue remains committed to providing them access to high quality and affordable health care.

Despite the federal government's announcement that it will no longer fund Cost Sharing Reductions, or CSRs, we will make no changes to our existing ACA plan through 2017 and we're going to absorb the financial impact of that decision.

After careful analysis of the market and our ACA membership last month we filed rates with the Florida Office of Insurance Regulation, assuming the CSRs we're not going to be funded in 2018.

With the OIRs approval, we chose to increase the rate of our highly subsidized silver plans. By our estimate, more than 90 percent of Florida Blue marketplace members should have modest premium increases for next year or will see a slight reduction in premiums due to increased subsidy levels.

We are actively engaging with our non-subsidized members to try to align them with off the marketplace plans that will have similar benefits with more affordable premiums.”

Tags: Healthcare

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