DNC on Trump Pushing Healthcare Premiums to Skyrocket
August 10, 2017
In response to a new study that found President Trump’s actions are causing double-digit premium increases on individual insurances policies in 2018, DNC deputy communications director Adrienne Watson released the following statement:
“While Trump spends an extended vacation at his luxury golf course, millions of Americans potentially face skyrocketing premium increases in 2018 thanks to his sabotage of our healthcare system. This ‘Trump premium tax’ has made healthcare less accessible and affordable for millions.
“Instead of breaking his promise to make healthcare accessible to all, Trump should work with Democrats to build upon the progress made under the Affordable Care Act.”
Associated Press: Study: Trump actions trigger health premium hikes for 2018
WASHINGTON (AP) — The Trump administration’s own actions are triggering double-digit premium increases on individual health insurance policies purchased by many consumers, a nonpartisan study has found.
The analysis released Thursday by the Kaiser Family Foundation found that mixed signals from President Donald Trump have created uncertainty “far outside the norm,” leading insurers to seek higher premium increases for 2018 than would otherwise have been the case.
The report comes with Republicans in Congress unable to deliver on their promise to repeal and replace the Obama-era Affordable Care Act. Trump, meanwhile, insists lawmakers try again. The president says “Obamacare” is collapsing, but he’s also threatened to give it a shove by stopping billions of dollars in payments to insurers. Some leading Republicans are considering fallback measures to stabilize markets.
Researchers from the Kaiser foundation looked at proposed premiums for a benchmark silver plan across major metropolitan areas in 20 states and Washington, D.C. Overall, they found that 15 of those cities will see increases of 10 percent or more next year.
The highest: a 49 percent jump in Wilmington, Delaware. The only decline: a 5 percent reduction in Providence, Rhode Island.
About 10 million people who buy policies through HealthCare.gov and state-run markets are potentially affected, as well as another 5 million to 7 million who purchase individual policies on their own.