“We need to talk with all the other parties in this and make sure that we have a smooth and stable transition,” a senior GOP congressional aide told Politico. “That’s what is going to drive what we do — not necessarily what works best politically.”
Conservative Republicans in the House Freedom Caucus want the transition period to be as short as six months, while insurance companies contend they need at least 18 months to price insurance plans and adjust to new market rules, according to the report.
Prior conversations limited the transition period to three years, but senior GOP congressional aides indicated Thursday the transition period could last up to four years, according to the report. However, after Politico published an initial report on the matter, one aide said a four-year transition had not been discussed internally.
Congressional Republicans are considering implementing a replacement plan in a piecemeal fashion, with small bills that address one part of the ACA at a time, according to the report. Their goal will be to expand access to healthcare by lowering insurance costs and lessening federal regulations.
More articles on payer issues:
Health insurers receive 1.6% of nearly $6B owed under ACA risk corridor program
Feds extend ACA health plan enrollment deadline
Aetna executives take witness stand, Blue Cross of Idaho names CFO, UnitedHealthcare unveils bundled payment — 11 payer highlights
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.