Health care is a huge issue for the US economy, but the administration’s effort to craft a new insurance law has taken a toll on the market.
The new law is set to take effect on January 1, and the administration hopes to release its own guidance soon, according to a Reuters report.
The first of the guidance is expected on Monday.
The government’s top health care official, Tom Price, recently criticized the Obama administration for not releasing a detailed plan, and said there is a lot of confusion in the industry about how much people will pay for insurance.
The health care industry has been lobbying for a long time to see more transparency from the government about the individual insurance market, and a lot has been accomplished.
The Congressional Budget Office said the administration needs to release the individual market guidance as soon as possible.
The administration’s health care agency is also facing criticism for not fully releasing the financial data for people buying policies through state exchanges.
Health insurers and consumers are also unhappy with the way they were treated in the Obamacare rollout.
Price also suggested on Wednesday that the administration could release a longer list of the tax credits people can claim under the health care law before the individual mandate kicks in, as it did for people purchasing coverage through their employer.
The nonpartisan Congressional Budget Officer has warned that it would be very difficult for the administration to make a change in the way health care is covered without some kind of congressional action.
The CBO estimated that by 2020 the cost of the individual health insurance market would exceed $50 trillion, and by 2026 the cost would exceed nearly $100 trillion.