The leading figures of several major insurance firms, such as The Blue Cross Blue Shield Association, Cigna, and Humana, have pledged attendance to a reported meeting with President Donald J. Trump today to discuss the fate of the healthcare exchanges set up in his predecessor’s administration.
Insurers have asked for reforms to the 2010 Affordable Care Act (ACA), which Trump has promised to repeal and replace to make the insurance marketplaces for individual healthcare more attractive to providers.
Want the latest insurance industry news first? Sign up for our completely free newsletter service now.
Among others, trade publication Investing.com cited that insurers are hoping to see the end of an industry-wide tax imposed on health insurance premiums, as well as the continuation of cost sharing subsidies for certain individual insurance members.
The ACA has lost hundreds of millions of dollars in its exchanges as it struggled to provide health coverage for most Americans because of higher than expected member costs, the report added.
