This is the statement from the acting Secretary of Health and Human Services. The last word is critical: “Immediately”
Immediate termination is critical because the contracts insurers signed for 2017 and 2018 each had exit clauses. The 2018 contract language looks like this:
Pretty sure is the official insurer agreement language, via CMS https://t.co/iX5t1EROym
Note the highlighted passage, under “Termination” pic.twitter.com/bDJOZtHmob
— Jonathan Cohn (@CitizenCohn) October 13, 2017
Tomorrow morning I expect the state attorney generals that were brought into the CSR case to file for an injunction. If that fails, I expect a dozen lawsuits to be filed as well. If those don’t produce an injunction, we will need to watch and see which insurers run from the individual market over the weekend. Some may be able to do so as state law could allow for them to flee from a material event. Other states will lock insurers in for months of notice.