Department of Financial Services recently released the approved 2018 rates for NY: Press Release - August 15, 2017: DFS Announces 2018 Health Insurance Rates in a Continued Robust New York Market
Besides being one of the smallest decreases I've ever seen (only ~25%, usually it's closer to 50%), they have also added an "Additional Adjustment to Account for Loss of CSR" to the individual products.
The state has chosen to add an additional increase to the filings in order to compensate for the withheld CSR payments, and they've made a point to show it as a separate line-item.
Our DFS Superintendent is clearly not happy with the way the Federal Gov't is handling this. This CSR adjustment could have just been baked into the rate adjustment, but they're making statement by showing it as a separate line item. She also released an official statement yesterday that in no uncertain terms condemns the actions of the federal government. (August 24, 2017: Statement by DFS Superintendent Maria T. Vullo Regarding Careconnect)
Is this happening in your state? Do we have any federal confirmation that CSR payments are truly withheld?
Besides being one of the smallest decreases I've ever seen (only ~25%, usually it's closer to 50%), they have also added an "Additional Adjustment to Account for Loss of CSR" to the individual products.
The state has chosen to add an additional increase to the filings in order to compensate for the withheld CSR payments, and they've made a point to show it as a separate line-item.
Our DFS Superintendent is clearly not happy with the way the Federal Gov't is handling this. This CSR adjustment could have just been baked into the rate adjustment, but they're making statement by showing it as a separate line item. She also released an official statement yesterday that in no uncertain terms condemns the actions of the federal government. (August 24, 2017: Statement by DFS Superintendent Maria T. Vullo Regarding Careconnect)
Is this happening in your state? Do we have any federal confirmation that CSR payments are truly withheld?