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Sun May 21, 2017, 12:32 AM

Trumps On The Verge Of Exploding The Health Insurance Market [View all]

Source: Huffington Post

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 Trump’s watch if he doesn’t pay the money the federal government owes.

Read more: http://www.huffingtonpost.com/entry/trump-blow-up-health-insurance-market_us_591f541be4b034684b0c6212?ncid=inblnkushpmg00000009



Trump is betting that if enough people are deprived of their healthcare, the American people will blame Democrats for not supporting the Republican health plan.

https://www.nytimes.com/2017/05/20/us/politics/trump-death-spiral-affordable-care-act.html

Trump, Shouting ‘Death Spiral,’ Has Nudged Affordable Care Act Downward

WASHINGTON — When Aetna, the health insurance giant, announced this month that it was pulling out of the Affordable Care Act’s insurance exchange in Virginia in 2018, President Trump responded on Twitter: “Death spiral!”

When Humana announced plans to leave all the health law’s marketplaces next year, the president chimed in, “Obamacare continues to fail.”

Left unremarked on was a big reason for the instability: The Trump administration and Congress are rattling the markets.

The administration’s refusal to guarantee payment of subsidies to health insurance companies, the murky outlook for the Affordable Care Act in Congress and doubts about enforcement of the mandate for most people to have insurance are driving up insurance prices for 2018, insurers say in rate requests filed with state officials.

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Reply Trumps On The Verge Of Exploding The Health Insurance Market [View all]
TomCADem May 2017 OP
dalton99a May 2017 #1
Demtexan May 2017 #3
burnbaby May 2017 #15
Demtexan May 2017 #28
TeamPooka May 2017 #2
WinkyDink May 2017 #5
C Moon May 2017 #11
Squinch May 2017 #18
brer cat May 2017 #26
Squinch May 2017 #31
Chemisse May 2017 #17
Squinch May 2017 #19
paleotn May 2017 #21
Chemisse May 2017 #25
paleotn May 2017 #29
Chemisse May 2017 #32
paleotn May 2017 #37
TomCADem May 2017 #38
Thekaspervote May 2017 #41
dchill May 2017 #4
WinkyDink May 2017 #6
iluvtennis May 2017 #7
elmac May 2017 #10
TalenaGor May 2017 #8
Bernardo de La Paz May 2017 #9
Demtexan May 2017 #12
NickB79 May 2017 #22
Demtexan May 2017 #27
Hugin May 2017 #13
Achilleaze May 2017 #14
Honeycombe8 May 2017 #16
Mr. Ected May 2017 #20
roamer65 May 2017 #23
xor May 2017 #24
paleotn May 2017 #30
Demtexan May 2017 #33
paleotn May 2017 #36
Demtexan May 2017 #39
Thekaspervote May 2017 #42
riversedge May 2017 #34
Dyedinthewoolliberal May 2017 #35
dchill May 2017 #40
Kennah May 2017 #43