re: 18 States Sue to Challenge Loss of Subsidies

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Well, I mean seriously! How the frick are the insurance regulators supposed to get their cut if the pie disappears? Huh? Huh? Huh?!!!

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They are getting their cut, and a bigger cut it will be.

As the government is still on the hook for the premium tax credits, so when an insurer, in response to the administration's refusal to reimburse insurers who are administering these cost-sharing subsidies that they are required by law to administer, raise their premiums to offset this move, the government is on the hook for that. And so far those increases exceed the cost of just paying the cost-sharing subsidies. So the CBO has estimated that over the next 8 years we will add an additional 194 billion to the deficit.

The crazy thing in addition to the above, is like with the refusal to pay reinsurance and risk corridor bills, insurers take it to court. In this instance, they will be suing to get their cost sharing subsidies AFTER having already raised their premiums under the assumption of not getting that money. IF they win some of these cases, which they have in the past, they will essentially be double dipping. Getting money from increased premiums and than getting some of the lost money from cost-sharing subsidies they weren't reimbursed for.