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Old 03-27-2018, 10:20 PM   #1
Guess Who
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Default The Stupidity of Trumpcare

The stupidity of Trumpcare: Government will spend $33 billion more to cover 8.9 million fewer Americans, as premiums soar

Those fiscal geniuses in the White House and Republican-controlled Congress have managed to do the impossible: Their sabotage of the Affordable Care Act will lead to 6.4 million fewer Americans with health insurance, while the federal bill for coverage rises by some $33 billion per year.

Also, by the way, premiums in the individual market will rise by an average of more than 18%.

Heck of a job.

These figures come from the Urban Institute, which on Monday released the first estimate of the impact of two GOP initiatives. The first is the elimination of the individual mandate, which is an offshoot of the GOP tax-cut measure signed by President Trump in December. The measure reduced the penalty for not carrying insurance to zero as of next Jan. 1.

-- Expansion of short-term non-compliant policies: 2.5 million more Americans without minimum essential coverage. Short-term policies, which were limited under the Obama administration to three months maximum and no renewals, would be expanded under Trump to last up to a year. Under the law, short-term policies don't count as real Obamacare insurance.

-- Premiums in the individual market: Higher by 18.2% in 2019 in "full-impact states" (41, plus the District of Columbia, which allow short-term policies under some circumstances.) Eight other states prohibit or limit the expansion of short-term policies, so their premium increases will be lower on average. Nationwide, premiums will rise by 16.4%. In Texas, North Dakota, Alabama, Nebraska and Arizona, the increases will exceed 20%.

-- Because government premium subsidies rise in tandem with premium increases, the cost of subsidies borne by the government will rise by $33.3 billion next year, or 9.3% to $391.4 billion from $358.1 billion under existing law.

The mechanism by which the GOP policies will crater the individual insurance market isn't hard to understand. Both major initiatives eliminating the individual mandate and offering bare-bones policies siphon younger, healthier consumers out of the individual market.

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Old 03-27-2018, 11:51 PM   #2
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I just read an editorial on Foxnews.com a few days ago that completely ignored the repeated acts of republican sabotage the Urban Institute analyzed and blamed the skyrocketing premiums on Obamacare only.

Don't expect anything different from the righties here. In their minds, it's "sabotage? I dun no nuttin' 'bout no sabotage."

Last edited by Fear the Hawk; 03-28-2018 at 12:18 AM..
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