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Healthcare Hijincks

Summary:
Looks like a pretty good article on the situation here at Health Affairs Blog.Trump's ending of the CSR payments might end up as fiscal stimulus via increased tax credits for resultant increases in qualifying premium payments.Excerpt: The Consequences Of Ending The CSR Payments  The effect of terminating the payments has been well analyzed, including a report from the Congressional Budget Office.  It will drive up premiums as insurers attempt to cover the cost of the reductions. As premiums go up, so will premium tax credits.  Indeed, the government will probably pay more in premium tax credits than it saves in cost-sharing reduction payments. Convoluted but may decrease net TGA deposits (via the tax credits) YoY anyway...

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Looks like a pretty good article on the situation here at Health Affairs Blog.

Trump's ending of the CSR payments might end up as fiscal stimulus via increased tax credits for resultant increases in qualifying premium payments.

Excerpt:

The Consequences Of Ending The CSR Payments 
The effect of terminating the payments has been well analyzed, including a report from the Congressional Budget Office. 
It will drive up premiums as insurers attempt to cover the cost of the reductions. As premiums go up, so will premium tax credits. 
Indeed, the government will probably pay more in premium tax credits than it saves in cost-sharing reduction payments.

Convoluted but may decrease net TGA deposits (via the tax credits) YoY anyway...

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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