The Obama administration issued yet another waiver to get out of Obamacare — for all the U.S. territories.
The exemption, posted Thursday on a Department of Health and Human Services website, frees U.S. territories from a host of Obamacare regulations on health insurance markets. The territories already weren’t subject to much of the health care law — the individual mandate doesn’t apply to the territories and premium subsidies aren’t available.
What did apply were a host of regulations on the health insurance markets operating in the territories. Obamacare’s rules for insurance companies — providing mandated health benefits to all customers, limits on insurer profits, and guaranteed coverage for those with pre-existing conditions — all force insurers to take a hit, but in the territories, the sweeteners that make Obamacare a great deal for insurance companies in the states don’t apply.
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