Average premiums will go up 74% under Trumpcare

[deminks]

http://www.nbcnews.com/politics/congress/74-percent-your-health-care-premium-could-go-much-n777321?cid=sm_npd_ms_tw_lw

WASHINGTON — Insurance premiums would shoot up 74 percent for the average customer under the Republican Senate health care bill, according to a new report, with older customers having to pay more than twice as much for comparable plans.

The study by the nonpartisan Kaiser Family Foundation looked at the average cost for an individual market plan that covers about 70 percent of medical costs, which is the benchmark plan under Obamacare, and factored in both the price of insurance and the amount of subsidies people would receive.

(snip)

On average, Americans between ages 55 and 64 would see a 115 percent increase, more than double their premiums under Obamacare, to buy a comparable plan. Americans with incomes under 200 percent of the federal poverty line (about $24,000 for individuals) would see 177 percent increases in premiums versus just 57 percent for people with higher incomes.

(snip)

The worst hit would be customers who are both 55-64 and have lower incomes: Their premiums would go up by 294 percent, almost a fourfold increase.

(end snip)

So, it isn't cheaper, it covers less, and the premiums will go up higher than with the ACA. Do I have that right?

[Johnny2X2X]

1. Makes perfect sense

For all of its criticism, the ACA actually did a ton to control costs and the rate at which premiums were rising was lowered significantly.

Less customers means more cost. Pretty simple economics. Trumpcare will raise prices and lower coverage for just about everyone. It's going to be devastating to older folks, and it will allow the insurance companies to scam younger customers by offering plans that don't cover much of anything.

The ACA was crafted so carefully that I doubt anything that replaces it is going to be anywhere near as good. And I believe we will get Trumpcare, but that will be the actual death spiral of our health care system which will collapse completely leading to a Single Payer system within 5 years.