“The reckless and short-sighted decision by the Administration to end cost-sharing subsidies for 233,663 Pennsylvanians — 55% of all Marketplace enrollees — will leave hardworking people facing higher premiums and a chaotic insurance market. In many states, rates are certain to increase and some insurers may leave the market. In Pennsylvania, however, proactive planning on the part of the state’s Insurance Department means that we anticipate no insurers will leave the market, although rates are likely to increase by a bare minimum of 20%.
“Cost-sharing subsidies are not bailouts for insurance companies; they are what allow working families to access affordable health care. …”
Quoted from “PHAN Statement on Cost-Sharing Subsidies,” Pennsylvania Health Access Network. Read the full statement and background there.