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Fri Sep 15, 2017, 09:45 AM

New CBO Report: Trump's Refusal To Pay Obamacare Subsidies Will Raise 2018 Premiums By 15 Percent

Source: The National Memo




Steven Rosenfeld

September 15, 2017 2:55 am

President Trump is poised to punish 12 million Americans getting health care through Obamacare’s non-group policies by raising their premiums 15 percent in 2018. That’s the conclusion of a report released Thursday by the Congressional Budget Office/Joint Committee on Taxation on the impact of Trump’s refusal to say if the federal government will pay the Affordable Care Act’s subsidies in 2018.

“In 2018, the agencies project, the average benchmark premium will be roughly 15 percent higher than it was in 2017, largely because of short-term market uncertainty—in particular, insurers’ uncertainty about whether federal funding for certain subsidies that are currently available will continue to be provided—and an increase in the percentage of the population living in areas with only one insurer in the marketplace,” the CBO/JCT said.

In 2017, 12 million people bought non-group health plans through the ACA’s exchanges, of which 8 million received subsidies. The CBO/JCT report says the number of individuals seeking Obamacare coverage and receiving subsidies is slated to grow by 1 million in 2018. But a lack of subsidies and higher premiums, if implemented, would reverse that.

“That increase in enrollment in 2018 is limited by projected premium increases due to near-term market uncertainty and by announced reductions in federal advertising, outreach, the enrollment period, and other enrollment efforts, which push enrollment down,” CBO/JCT said, referring to other efforts by the executive branch to sabotage Obamacare.

Read more: http://www.nationalmemo.com/new-cbo-report-trumps-refusal-pay-obamacare-subsidies-will-raise-2018-premiums-15-percent/

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Reply New CBO Report: Trump's Refusal To Pay Obamacare Subsidies Will Raise 2018 Premiums By 15 Percent (Original post)
DonViejo Sep 2017 OP
nwduke Sep 2017 #1
Not Ruth Sep 2017 #2
DK504 Sep 2017 #3
LiberalLovinLug Sep 2017 #4

Response to DonViejo (Original post)

Fri Sep 15, 2017, 09:51 AM

1. Spiteful little petty man/child

In his white supremacist hatred towards President Obama, he blindly makes everyone suffer with their healthcare. What an embarrassment to our country and around the world!

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Response to DonViejo (Original post)

Fri Sep 15, 2017, 10:01 AM

2. Was anything codified about the subsidies?

 

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Response to DonViejo (Original post)

Fri Sep 15, 2017, 11:10 AM

3. He has NO problem upending our economy.

He has no idea what he is doing, he is signing executive orders like the contracts he will break with contractors.

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Response to DonViejo (Original post)

Fri Sep 15, 2017, 02:02 PM

4. And its inevitable that the GOP and Trump will then pronounce this is a natural failure of Obamacare

And say "I told you so"
And their deplorable ignorant base will lap it up.
This is too easy for them.

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