Trump's Policies will drive med. insurance costs in Wisconsin Up Almost 20%

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fflambeau
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Trump's Policies will drive med. insurance costs in Wisconsin Up Almost 20%

Postby fflambeau » Wed Aug 16, 2017 6:26 am

The nonpartisan Congressional Budget Office reports that Donald Trump's policies to end subsidies under Obamacare will drive insurance costs up almost 20% in Wisconsin. His actions would also increase the national debt by almost $200 billion over 10 years, according to the CBO.

From the NYTimes: "Premiums for the most popular health insurance plans would shoot up 20 percent next year, and federal budget deficits would increase by $194 billion in the coming decade, if President Trump carried out his threat to end certain subsidies paid to insurance companies under the Affordable Care Act, the Congressional Budget Office said Tuesday.

The subsidies reimburse insurers for reducing deductibles, co-payments and other out-of-pocket costs that low-income people pay when they visit doctors, fill prescriptions or receive care in hospitals.

Even before efforts to repeal the Affordable Care Act collapsed in the Senate last month, Mr. Trump began threatening to stop paying the subsidies, known as cost-sharing reductions. He said the health care law would “implode” and Democrats would have no choice but to negotiate a replacement plan. Mr. Trump described his strategy as, “Let Obamacare implode, then deal.”

A separate graphic at the same source indicates medical insurance costs will rise 17% in Wisconsin if Trump does this. (In Florida, the rise will be 25%).

Source: https://www.nytimes.com/2017/08/15/us/p ... v=top-news

penquin
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Re: Trump's Policies will drive med. insurance costs in Wisconsin Up Almost 20%

Postby penquin » Sat Sep 16, 2017 10:50 am

bdog wrote:.


Interesting point. Very insightful. Thanks for sharing.


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