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Trump's Surprise Decision on Healthcare Might Send Your Insurance Premium Up 25%
Trump is now trying to dismantle Obamacare by executive order. Here's how the decision it will affect your bottom line.
Ending cost sharing reductions will have the most immediate impact on consumers.
Insurance companies are required by the ACA to provide these subsidies whether or not they get reimbursed by the government. Ending them will force insurers to raise premiums in order to compensate for billions of dollars in new expenses.
According to research from the Congressional Budget Office, this could cause premiums to go up by as much as 20 to 25% in most markets. Rate increases will be highest in states which have not expanded Medicaid. This will fall heaviest on consumers who don't qualify for insurance subsidies.
Trump's Surprise Decision on Healthcare Might Send Your Insurance Premium Up 25%
Happy days when Trump MAGA'ing.
Trump is now trying to dismantle Obamacare by executive order. Here's how the decision it will affect your bottom line.
Ending cost sharing reductions will have the most immediate impact on consumers.
Insurance companies are required by the ACA to provide these subsidies whether or not they get reimbursed by the government. Ending them will force insurers to raise premiums in order to compensate for billions of dollars in new expenses.
According to research from the Congressional Budget Office, this could cause premiums to go up by as much as 20 to 25% in most markets. Rate increases will be highest in states which have not expanded Medicaid. This will fall heaviest on consumers who don't qualify for insurance subsidies.
Trump's Surprise Decision on Healthcare Might Send Your Insurance Premium Up 25%
Happy days when Trump MAGA'ing.