Governor

New York Will Bar Insurers From Hiking Rates Due to Mandate Repeal

What to Know

  • NY is moving to prevent health insurers from raising premiums because of the repeal of a federal mandate for most people to carry insurance
  • Gov. Cuomo said he will direct NY regulators to reject rate hikes from insurance companies that cite the repeal of the mandate as a reason
  • The Affordable Care Act's individual mandate required most Americans to have insurance or face fines

New York state is moving to prevent health insurers from raising premiums because of the repeal of a federal requirement for most people to carry insurance or pay fines.

Gov. Andrew Cuomo announced the move during a speech Monday at a Manhattan hospital. The Democrat said he will direct state regulators to reject any proposed rate hikes from insurance companies that cite the repeal of the individual mandate as justification.

There's no immediate response from insurers.

The Affordable Care Act's individual mandate required most Americans to have insurance or face fines. Congress voted last year to eliminate that requirement starting in 2019.

Cuomo's remarks were interrupted by hecklers who called for single-payer health care. They were booed, and security escorted them out.

Copyright AP - Associated Press
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