POLITICO asked L.A. Care CEO John Baackes about the potential severity of 2019 Affordable Care Act (ACA) rate hikes in "Reversal of fortune: Obamacare rate hikes pose headache for Republicans". The article talks about impending double digit premium increases in the ACA marketplace as a result of the past year's political actions on health care.
Democrats and Republicans are blaming each other for the projected hikes, as insurers in some states have indicated increases may be as much as 53 and 24 percent. The impact of removing the ACA's individual mandate is a major point of debate, as the Congressional Budget Office had projected it would cause a 10 percent increase in premiums, while Republicans said it wouldn't have such significance. The real consequences will depend on what the American people decide to do regarding their health coverage.
It’s really kind of a crapshoot for the actuaries to say, well, it is or it isn’t going to have an effect. We will make a decision with our gut.
CEO, L.A. Care
About L.A. Care Health Plan
L.A. Care Health Plan is a public entity and community-accountable health plan serving residents of Los Angeles County through a variety of health coverage programs including L.A. Care Covered™, Medi-Cal, L.A. Care Cal MediConnect Plan and PASC-SEIU Homecare Workers Health Care Plan. L.A. Care is a leader in developing new programs through innovative partnerships designed to provide health coverage to vulnerable populations and to support the safety net. With more than 2 million members, L.A. Care is the nation’s largest publicly operated health plan.