"Today's action is just the latest in a series of flexibilities CMS has extended to health insurers to help them support their enrollees during this unprecedented time," CMS administrator Seema Verma said. (Photographer: Pete Marovich/Bloomberg)
While the American economy falters, health insurers had a record Q2, driven by a marked decrease in health care utilization among consumers. But what to do with all of that excess revenue? On Tuesday, the Centers for Medicare & Medicaid Services announced that it would allow insurers in the individual and small-group markets the flexibility to reduce premiums for the remainder of the year.
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Emily Payne
Emily Payne is director, content analytics for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.
