Trump Is to Blame for Boost in Insurance Premiums

Trump Is to Blame for Boost in Insurance Premiums November 1, 2017

Trump is trying to absolve himself of responsibility for the big jump in premiums for health care purchased in the ACA exchanges, but he’s lying. Premium prices were stabilizing this year and now they’re jumping way up because of his decision to pull the CSR subsidies.

Healthcare550

“As usual, the ObamaCare premiums will be up (the Dems own it), but we will Repeal & Replace and have great Healthcare soon after Tax Cuts!” he tweeted on Sunday. But every health care expert in the country knows that’s nonsense and he’s being called out for it (not that he cares; the truth has never mattered even a tiny little bit to him).

As Vox documented in great detail, premiums on the law’s marketplaces were expected to stabilize this year, as insurers finally adjusted to the customers who were buying coverage. Single-digit rate increases, on average, were anticipated. It wasn’t perfect, but the law was reaching an equilibrium.

But then Trump intervened. He sowed uncertainty about whether the law’s individual mandate would be enforced. He cut funding for advertising and enrollment outreach.

Then the president stopped key cost-sharing payments to health insurers, which compensate companies for offering discounts on out-of-pocket costs to their lower-income customers. Insurers had warned they would hike rates as a result.

As Vox reported earlier, health plans and actuaries say Trump’s actions have raised premiums by at least 25 percent and as much as 45 percent from what they otherwise would have been.

Trump owns those premium increases now. It’s quite obvious what he’s doing, undermining the law and then blaming the result of those actions on the law itself. Like everything else Trump does, it’s an incredibly dishonest tactic.


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