"ACA Insurers, States Rush To React To Trump’s Latest Move"
States regulators and health insurers are rushing to react to the latest move by the Trump administration to dismantle parts of the Affordable Care Act, less than three weeks before their citizens and customers start signing up for coverage. President Donald Trump’s administration said this week it wouldn’t pay subsidies to insurers that are used to help lower-income people with medical costs. In response, some regulators say they’ll need to reconsider the rates health insurers can charge. Hospitals will face increased costs as well, said Kenneth Davis, MD, president and CEO of the Mount Sinai Health System. Patients without insurance, or who leave Obamacare to buy less comprehensive coverage, still show up and need care. Those patients can face large out-of-pocket costs. “Here’s what happens: When people decide that they can’t afford their coverage, they just don’t pay,” Dr. Davis added. “Our CFO likes to say co-pays are no-pays. We’re not-for-profits; we don’t go after people. We wind up dropping those charges ultimately, and that’s a tremendous loss for us.”
- Kenneth L. Davis, MD, President, CEO, Mount Sinai Health System
Mount Sinai Reports Progress on Its Road Map for Action to Address Racism
Jun 07, 2023 View All Press Releases
New York’s Mount Sinai Health System Opens Concierge Medicine Practice in West Palm Beach
May 15, 2023 View All Press Releases
Deepak L. Bhatt, MD, MPH, Named Director of Mount Sinai Heart
Oct 31, 2022 View All Press Releases
Valentin Fuster, MD, PhD, Named President of Mount Sinai Heart
Oct 18, 2022 View All Press Releases