His administration already started it by banning health insurance companies from discriminating against people with pre-existing conditions. The state required insurance companies to cover the ten health essential benefits under ACA. The state mandated health insurance companies to stop all co-pays for breast cancer screenings and to increase access. It also mandated the women’s rights to contraceptive care.
New York will reject huge rate increases linked to individual mandate repeal
Moreover, Cuomo said the Trump administration succeeded in repealing ACA’s individual mandate. As a result, insurance companies are now considering large rate increases on their premiums.
In fact, he noted that health insurers in New York submitted their proposal to increase premiums by 24 percent. That will raise the cost of policy by an average of around $1,500—effective to collapse the state’s health insurance exchange.
Cuomo is making sure that will not happen in New York. He directed the state’s Department Financial Services (DFS) to reject any health insurance increases tied to the elimination of the individual mandate.
