Simply letting Patient Protection and Affordable Care Act (PPACA) exchange plan enrollees keep their plans without re-enrolling could change the plans’ exposure to health claim risk.
Steve Zaharuk, a senior vice president at Moody’s Investors Service, talks about that possibility in a commentary on the new Centers for Medicare & Medicaid Services (CMS) “auto re-enrollment” proposal.
Because many investors use Moody’s ratings when deciding whether to buy bonds, and how high of an interest rate to seek, Moody’s views on a matter can have an effect on health insurers’ access to affordable credit.
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CMS — the arm of the U.S. Department of Health and Human Services (HHS) in charge of the PPACA public exchange system — wants to let most people who bought “qualified health plan” (QHP) coverage through HHS-run exchanges stay in their QHPs in 2015 without taking active steps to re-enroll. An automatic QHP re-enrollment system would ease strain on the HHS exchange enrollment system and let HHS focus on reaching out to the uninsured, officials said.