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Sun May 21, 2017, 11:23 AM

Trumps On The Verge Of Exploding The Health Insurance Market

Huffington Post

Politico

The government owes money to insurance companies. Trump reportedly doesnít want to pay.

President Donald Trump has had his finger on the detonator of the bomb to blow up Obamacare for months. Now he may be about to press it.

Trump told advisers earlier this week that he wants to cut off billions of dollars in payments to health insurance companies that serve the poorest enrollees in the Affordable Care Act exchanges, Politico reported Friday.

If Trump follows through on this threat, he could wreak havoc on the health insurance system. Insurance companies are likely to hike premiums or to stop selling to people who buy coverage via the exchanges, like HealthCare.gov and Covered California, or directly (rather than obtaining coverage through their employers or government programs like Medicare and Medicaid).

The results would be higher prices and fewer, if any, choices for consumers, and the effects could be felt quickly because many states would allow insurers to drop their customers right away in the absence of these payments. In short, this part of the health insurance market could fall apart under Trumpís watch if he doesnít pay the money the federal government owes.

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Reply Trumps On The Verge Of Exploding The Health Insurance Market (Original post)
Jimbo101 May 2017 OP
Sculpin Beauregard May 2017 #1
Bayard May 2017 #2

Response to Jimbo101 (Original post)

Sun May 21, 2017, 11:26 AM

1. His malice knows know bounds. Sabotage should be illegal, if it isn't.

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Response to Jimbo101 (Original post)

Sun May 21, 2017, 11:57 AM

2. He doesn't pay his own bills

Apparently he thinks government works the same way. "Sue me!" Which is probably what the states will do. In the mean time, everyone loses their insurance.

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