1 of 4
Billion Dollar Recoup
- Centers for Medicare & Medicaid Services announced Tuesday it cancelled 315,000 Obamacare plans, affecting about 760,000 people due to unverified citizenship or immigration documents.
- The administration used emergency rulemaking to freeze registrations of 569 brokers whose 2026 applications lacked Social Security numbers and appeared implausible.
- CMS projects the cancellations will recoup $2.2 billion in premium subsidies.
- After the announcement, insurer shares fell, with Centene down 3% and Oscar Health down 5%.
1 / 4
