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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrumps On The Verge Of Exploding The Health Insurance Market
Trumps On The Verge Of Exploding The Health Insurance MarketThe government owes money to insurance companies. Trump reportedly doesnt want to pay.
By Jeffrey Young
President Donald Trump has had his finger on the detonator of the bomb to blow up Obamacare for months. Now he may be about to press it.
Trump told advisers earlier this week that he wants to cut off billions of dollars in payments to health insurance companies that serve the poorest enrollees in the Affordable Care Act exchanges, Politico reported Friday.
If Trump follows through on this threat, he could wreak havoc on the health insurance system. Insurance companies are likely to hike premiums or to stop selling to people who buy coverage via the exchanges, like HealthCare.gov and Covered California, or directly (rather than obtaining coverage through their employers or government programs like Medicare and Medicaid).
The results would be higher prices and fewer, if any, choices for consumers, and the effects could be felt quickly because many states would allow insurers to drop their customers right away in the absence of these payments. In short, this part of the health insurance market could fall apart under Trumps watch if he doesnt pay the money the federal government owes.
http://www.huffingtonpost.com/entry/trump-blow-up-health-insurance-market_us_591f541be4b034684b0c6212?ncid=inblnkushpmg00000009
Eyeball_Kid
(7,434 posts)Trumpy refuses to pay what is owed. It's a life long pattern. What now, Fanboys? Still enjoying how Trumpy is shaking things up?
workinclasszero
(28,270 posts)wake up to the fact that they no longer have any health insurance thanks to their god emperor Trump and his f***in republican party who suckered the living shit out of them in the greatest con job in history!
I'd laugh my ass off over it except for all the innocent people who are going to suffer and die at the hands of Trump and the republican party.
I could very well be one of them.
still_one
(92,422 posts)elehhhhna
(32,076 posts)dalton99a
(81,599 posts)workinclasszero
(28,270 posts)Then rural voters can drive a hundred mile or more to the nearest hospital.
Thousands of middle class jobs are going to disappear overnight as Trump leads America into the next George Bush style depression.
When will Americans ever learn that the republican party is for the greedy rich ONLY??? MAGA baby!