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July 03, 2014 at 07:28 AM
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.
See also: How will CCIIO police the PPACA risk programs?
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.
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.
