(Adds Humana CEO also to be at meeting)
By Caroline Humer
NEW YORK Feb 24 The Blue Cross Blue Shield
Association, which represents insurers in every state, Cigna
Corp and Humana Inc said on Friday they would
attend a meeting between the health insurance industry and
President Donald Trump on Monday.
Cigna's chief executive officer, David Cordani, and Humana
CEO Bruce Broussard will attend, spokesmen for both companies
Bloomberg reported earlier on Friday that top executives
from U.S. health insurers would attend a meeting, based on
unnamed sources. The White House has not confirmed the Bloomberg
Trump has pledged to repeal and replace Obamacare, former
President Barack Obama's national healthcare law that redesigned
the U.S. insurance market for individuals. It is not clear yet
what Republicans will agree upon to replace the current
insurance. Insurers say any new plans are not likely to hit the
market before 2019.
Insurers have also asked for changes to the individual
insurance market that would go into effect for 2018 to make the
market more attractive to the industry, where some plans have
lost hundreds of millions of dollars because member costs were
higher than they expected.
The Trump administration proposed a rule last week to
address some insurer concerns, but insurers would also like to
see the elimination of an industry-wide tax on health insurance
premiums - though the tax is on hiatus this year - and a
promise that the government will continue to provide
cost-sharing subsidies to certain individual insurance members.
Since taking office on Jan. 20, Trump has held a series of
White House meetings with executives from different sectors
including those from manufacturing companies, pharmaceutical
makers, technology businesses and car makers.
(Reporting by Caroline Humer; Editing by Leslie Adler)