Trump responsible for double-digit health insurance premium increases, per new study

Donald Trump is responsible for health insurance premiums increasing by double-digit numbers next year, according to a new study by the Kaiser Family Foundation.

Kaiser found that two of Donald Trump’s threats — not to enforce the individual mandate (which forces everyone to buy insurance) and threatening to cut off subsidies that insurers use to low copays and deductibles.

The uncertainty over both of those issues could spike premiums for people who buy “silver” plans on the Affordable Care Act exchange or it could spike premiums for everybody.

Here’s more from Kaiser:

Insurers assuming the individual mandate will not be enforced have factored in to their rate increases an additional 1.2% to 20%. Those assuming cost-sharing subsidy payments will not continue and factoring this into their initial rate requests have applied an additional rate increase ranging from 2% to 23%. Because cost-sharing reductions are only available in silver plans, insurers may seek to raise premiums just in those plans if the payments end. We estimate that silver premiums would have to increase by 19% on average to compensate for the loss of CSR payments, with the amount varying substantially by state.

The overall idea is that if insurers don’t know what’s coming, they prepare for the worst. And that means they raise prices more than they would normally have done, had Trump not created this uncertainty.

Here are some of the state-by-state premium increases due solely to Trump’s actions:

Kaiser study Trump health insurance premium increases

Donald Trump has repeatedly threatened to let Obamacare “implode,” and he appears to now be helping it do just that. The problem for Republicans is that they now own Obamacare — and it’s spawn, TrumpCare, whether they pass legislation or not. Republicans are now responsible for the health insurance premium increases that Americans will see next year, and the year’s following. TrumpCare is now the de facto, if not de jure, law of the land. And the GOP will be held responsible in 2018 and 2020.

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Follow me on Twitter: @aravosis | @americablog | @americabloggay | Facebook | Instagram | Google+ | LinkedIn. John Aravosis is the Executive Editor of AMERICAblog, which he founded in 2004. He has a joint law degree (JD) and masters in Foreign Service from Georgetown; and has worked in the US Senate, World Bank, Children's Defense Fund, the United Nations Development Programme, and as a stringer for the Economist. He is a frequent TV pundit, having appeared on the O'Reilly Factor, Hardball, World News Tonight, Nightline, AM Joy & Reliable Sources, among others. John lives in Washington, DC. .

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  • ottnott

    You are responsible for not reading the last column of the table from the Kaiser study, the one showing the estimated price increases from two actions Trump has threatened to take (Trump already weakened mandate enforcement with an executive order on his first day in office).

    Those two actions are from the only steps Trump has taken to destabilize the ACA exchange market. Together, his actions are aimed at suppressing overall enrollment, disproportionately suppressing enrollment of people younger and healthier than average, and increasing the risk and uncertainty faced by insurers.

    Trump keep trying to inflict new wounds on ACA markets, almost as if doesn’t believe his own words when he says that Obamacare is already dead.

  • rocks911

    Double digit increases have been the norm for the last two decades at least. How old are you that you havent experienced constantly rising health care costs? Did you just recover from a coma or are you 20?
    Now thanks to the ACA more people have insurance, people that didnt used to have it. I have two brothers that couldnt get insurance at any price before the ACA who now have insurance thatnks to the ACA, and Im glad for it because one of my brothers has been diagnosed with cancer.

  • LogicalAssumption

    sorry this failure is strictly on obozo and the liberal sycophants, but then again no democrap ever takes responsibility for his own screwups. obama LIED to you morons to get obozocare first passed and it has been a failure ever since so quit blaming the new guy…oh wait thats how you guys always do things

  • BillV

    Is Trump also responsible for all the double digit increases every year since ACA came about?

  • Opinionated Cat Lover

    Thanks for being a voice of reason against this. I was reading an article on my phone about this on the way home from work yesterday, and it turns out that the notion that 2020 elections could be delayed was highly push-polled. Vigilance is part of the price of freedom, of course, but remaining grounded in reality is another part of that price.

  • Kenster999

    The same Trump voters who believed the lies of him (and Fox News et al) will continue to believe the lies told in 2018 (“It’s the Democrats’ fault because they wouldn’t cooperate!”).

  • Martha Bartha

    That’s the only way they can win. Change the rules Mid Game!👿

  • Demosthenes

    A coup d’etat? The GOP won’t do that when voter suppression and gerrymandering can accomplish the same goal.

  • Martha Bartha

    Now I hear they may delay the 2020 elections!

  • Martha Bartha

    It’s all fuckin Trumps fault!

  • Thank you very much http://astropayal.org

  • Demosthenes

    This short and informative post needs wide distribution. Democrats in 2018 need to emphasize Don the Con’s intentional sabotage of the law is harming us all.

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