Actually, Trump is raising health insurance premiums

[IronLionZion]

http://money.cnn.com/2017/10/17/news/economy/trump-premiums/index.html?iid=hp-toplead-dom

President Trump and congressional Republicans have long vowed to lower health insurance premiums.

But Trump's decision to halt funding for Obamacare's cost-sharing subsidies last week will actually raise rates next year. Plus, the move increases what taxpayers will have to shell out to support Obamacare.

Many states had already allowed insurers to steeply hike Obamacare premiums for 2018, anticipating that Trump may cut off federal support for the subsidies, which reimburse insurers for reducing the deductibles and co-pays of lower-income enrollees. In California, for instance, carriers will levy a surcharge of up to 27% on silver-level plans.

Some insurers are spreading the hikes out across all their plans, but others are limiting it to just silver-tier polices -- the plans eligible consumers must purchase to receive the cost-sharing subsidies.

Regulators in some states that hadn't taken this precaution swiftly moved to boost rates after Trump's announcement.

Thanks Obama

[global1]

1. Trumpcare Is Raising The Rates.....nt

[Wellstone ruled]

2. This is the tipping point of our Economy.

Recession coming in March or April.