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Blue Cross Blue Shield calls for market stabilization

Now that the individual mandate is gone, one of the nations largest insurers says Congress must act swiftly to shore up the Obamacare market.

By Jack Craver | Updated on February 07, 2018
According to a Blue Cross official, reinsurance bill would not only prevent further rate hikes, but could actually lead to a premium decrease. (Image: Shutterstock)

Now that the individual mandate is gone, one of the nation’s largest insurers says Congress must act swiftly to shore up the Obamacare market.

“There’s an urgent need to stabilize the market,” Justine Handelman, a senior vice president at the Blue Cross Blue Shield Association, told reporters on Monday. “Without the mandate we think that the single most important thing that can help offset that loss is dedicated funding for reinsurance.”

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Jack Craver

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