The Trump administration's moves to dismantle the ACA and lower healthcare costs have backfired, Karen Ignagni, president and CEO of New York insurer EmblemHealth, said in an interview on Yahoo Finance's "The First Trade."
Eliminating the individual mandate, reducing enrollment assistance, and offering plans with less coverage and lower premiums have contributed to rising costs, according to Ms. Ignagni.
"We had a path the country was on with respect to getting everyone in [to healthcare] and that was a significant step forward," she told Yahoo Finance. "Now as policy makers have chipped away at the strategy, it has caused some people to leave the system, and that has caused prices to go up."
Ms. Ignagni was formerly the CEO of America's Health Insurance Plans and has been an advocate for the ACA.
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