Health insurers will now have until June to decide if they want to be part of Obamacare

The Centers for Medicare and Medicaid Services has extended the deadline for health insurers to submit their bids for participating in the Affordable Care Act’s 2018 exchanges to June 21, at the latest.

The change constitutes a seven week extension from a previous May 3 deadline for health insurers, which was challenged by a lack of detail about what would happen to the ACA and both how and when it would be replaced.

The June deadline “has a much more rushed turnaround time for both CMS review and health insurer response time to submit revised submissions,” said a Height Securities note on Wednesday, since open enrollment — the period during which consumers sign up for health plans — still starts on Nov.

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