Comstock's magazine 1117 - November 2017 - Page 35

The Trump administration recently announced it would no longer pay the federal subsidies that help low-income enrollees pay their premiums. What happens now? There is no change for consumers for 2017 — their benefits and premiums remain the same. Health plan premiums for 2017 were based on the federal government paying for the subsidies that lower costs for about 650,000 Californians, as they’ve been paying for the last three and a half years. The federal government stopping these payments the last three months of 2017 means health plans will have a big finan- cial loss — over $180 million. The bigger issue is what happens in 2018. In Califor- ni