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This Is How Much Trumps Obamacare Sabotage Increased Health Insurance Costs
President Donald Trump’s decision to cut off billions of dollars owed to health insurance providers under the Affordable Care Act caused those companies to substantially increase premiums to cover their losses, according to an analysis published Friday.
Enrollment on health insurance exchanges like HealthCare.gov begins Nov. 1 and runs until Dec. 15 in most states; a few have later deadlines. Consumers who use these exchanges or purchase their coverage directly from a health insurance company or through a broker can expect to see large rate hikes when they shop for plans. Prices already were set to rise before Trump’s action exacerbated the problem.
The Henry J. Kaiser Family Foundation studied documents that health insurance carriers submitted to regulators in 32 states and the District of Columbia. These documents detail price changes for health insurance policies and the justification for those changes.
Among those states, Trump’s action caused premium increases that range from 7 percent to 38 percent higher than they would have been for mid-level “Silver” health plans, the Kaiser Family Foundation reported. The analysis includes numerous examples of how specific insurers dealt with Trump’s decision to deny their reimbursements, based on information they provided to state insurance agencies.
Enrollment on health insurance exchanges like HealthCare.gov begins Nov. 1 and runs until Dec. 15 in most states; a few have later deadlines. Consumers who use these exchanges or purchase their coverage directly from a health insurance company or through a broker can expect to see large rate hikes when they shop for plans. Prices already were set to rise before Trump’s action exacerbated the problem.
The Henry J. Kaiser Family Foundation studied documents that health insurance carriers submitted to regulators in 32 states and the District of Columbia. These documents detail price changes for health insurance policies and the justification for those changes.
Among those states, Trump’s action caused premium increases that range from 7 percent to 38 percent higher than they would have been for mid-level “Silver” health plans, the Kaiser Family Foundation reported. The analysis includes numerous examples of how specific insurers dealt with Trump’s decision to deny their reimbursements, based on information they provided to state insurance agencies.
https://www.huffingtonpost.com/entry/trumps-obamacare-sabotage-made-health-insurance-more-expensive_us_59f201b0e4b03cd20b7ff46d