NAIC Statement on Risk Adjustment Payments

Statement from NAIC President and Tennessee Insurance Commissioner Julie Mix McPeak:

State regulators will be in contact with carriers to determine the potential impact a lengthy suspension of risk adjustment payments could have on solvency and premiums.  While there are still numerous unknowns, we are hopeful greater certainty can be found, and this issue can be resolved quickly – ideally before the August timeline for the 2017 payments – so there will be no need to adjust rates for 2019.  However, only time will tell.