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Trump brags that health insurer stocks 'plunged' after his Obamacare order

Trump brags that health insurer stocks 'plunged' after his Obamacare order”

That's the idea that healthy people will sort into low-priced, bare-bones plans, while relatively costly people will stay in the more generous, Obamacare-compliant plans, which can't legally turn customers away.

"The government can not lawfully make the cost-sharing reduction payments", the White House said in a statement. A 2013 IRS Notice prevented employers from using HRA dollars to fund employees' individual health insurance premiums-because the Obama Administration anxious that doing so would encourage employers to drop coverage. Ending cost-sharing payments likewise is expected to drive up exchange premiums - which, because the policies are subsidized, also will increase federal spending.

Like employer-sponsored insurance, AHPs would not be subject to many of Obamacare's regulations. Interestingly though, those subsidies aren't going to stop.

Employer groups avoid this kind of adverse selection because people can't just pick an employer simply to get the health insurance they want. "Our lives depend on it", Parra said in Spanish through a translator.

The poll also finds two thirds of the public (66%) say it is more important for President Trump and Congress to work on legislation to stabilize the Affordable Care Act's marketplaces than continue efforts to repeal and replace it. Although its goal is to provide alternatives to the insurance marketplace set up by the ACA and offer cheaper health insurance options through association health plans to help small businesses, it calls for the departments of Health and Human Services, Labor and Treasury to convert those ideas into policy.

Blumberg called the change irresponsible: "Why would you make a change that, at least in some states, is going to end up leaving you where you were to begin with but costing you a lot more money?" Last year, the Obama Administration limited short-term plans to 90 days in duration (down from 364 days), and prevented renewals of such coverage-because it feared that such plans, which do not have to meet any of Obamacare's benefit requirements, were drawing people away from Exchange coverage.

CSRs help many low-income people pay for out-of-pocket costs.

This decision is perhaps the most aggressive one Trump has made so far in his committed push to explicitly undermine the key objectives of the law.

Trump's decision to end the funding immediately may have been a surprise, but he's been considering cutting the payments for months. If any insurers stuck around-not a sure thing-the exchanges would come to resemble high-risk pools, where the ill go to buy subsidised coverage.

Not surprisingly, approval of the actions taken by President Trump's administration are largely driven by party identification with the majority of Republicans expressing approval for each of the four actions while few Democrats approve of any of the actions.

Obamacare is, in Washington, a political football - something Republicans have spent seven years promising to repeal.

It will raise Obamacare premiums by an estimated 20 percent in 2018, as health plans have to charge more to make up the lost funds. In states where rates have been announced, there's been a wide variation, even among insurers expecting the cuts.

Poorer buyers are protected, because the tax credits they receive rise in tandem with premiums.

Now, thanks to Trump's actions, ACA enrollees could now see steep premium prices and potential insurer pullouts.

The timing of Trump's announcement just before that period concerns those who advocate for continuing the cost-sharing subsidies. New York Attorney General Eric Schneiderman said Thursday his office and other states will sue if necessary. That lawsuit was actually on appeal and the lower court finding had been stayed. As NPR reports, without them, health insurance exchanges could spiral into chaos. "For fiscal year 2018, that would result in a net increase in federal costs of $2.3 billion". That's what covers her $70,000 annual bill for drugs that cured her hepatitis C, as well as appointments with specialists. Trump wrote Friday in a message on Twitter.

"It is a spiteful act of vast, pointless sabotage leveled at working families and the middle class in every corner of America", they said. She went almost two decades without insurance before Obamacare and is terrified to go back to a life of relying on sporadic charity care.



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