The $1.3 trillion omnibus spending bill the House passed Thursday lacks funding for two things insurers want: cost-sharing reduction payments and federal reinsurance. That likely means they'll hike premiums and rethink participating in the individual market for 2019.
Stabilization talks fall apart ahead of congressional leaders' $1.3 trillion spending deal, leaving insurers disappointed.
A federal judge blocked the proposed $54 billion tie-up between national insurers Anthem and Cigna late Wednesday, saying the combination would harm competition in the national employer market.
As states' hope for CSR and reinsurance funding collapsed this week in Congress, officials and legislators are racing against the clock to rein in individual market premiums for 2019.
Health insurers have become more profitable since the Affordable Care Act took effect, according to the White House Council of Economic Advisers, despite initial stumbles on the public exchanges.
After the House scuttled a measure to fund CSRs and reinsurance in the omnibus spending bill, the leading GOP negotiators in the Senate revived a fight to get their stabilization bill a vote in the upper chamber.