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State Commissioners Warn ACA Mandate Repeal Could Hurt Insurance Markets

State insurance commissioners, even those from red states, warned that the number of uninsured will increase, premiums will rise and insurers could exit the market if Republican lawmakers proceed with their plan to repeal the Affordable Care Act’s individual mandate through tax legislation. Wyoming Insurance Commissioner Tom Glause said people who make too much income to be eligible for subsidies would be hit the hardest, while Mike Rhoads, Oklahoma’s deputy insurance commissioner, said the move could worsen instability in ACA markets and lead to higher premiums as only sicker people would remain enrolled. Read more here.