Obamacare sustains another blow
Alex Wong/Getty Images
The Trump administration dealt another significant blow to Obamacare late last night, announcing it would end key federal subsidies that help lower the cost of health insurance for low-income Americans. [Vox / Dylan Scott]
The change primarily impacts low-income people who make too much to qualify for Medicaid. On average, the cost-sharing reduction subsidies, or CSRs, gave individuals about $1,000 to help with their out-of-pocket costs. [Vox / Dylan Scott]
The impact won’t be felt by people who qualify for subsidies because insurance companies have been preparing for this possibility and have already adjusted their premiums to reflect it. That means people without subsidies will see the cost of their insurance go up the most. [Vox / Dylan Scott]
The Trump administration’s position is that the subsidies aren’t legal because Congress hasn’t been able to authorize them. This is the same position congressional Republicans took when they sued the Obama administration in 2014. [NPR / Danielle Kurtzleben and Scott Neuman]
Trump’s move won’t actually save the federal government any money; as a matter of fact, it will add to the federal deficit. That’s because the federal government will have to pay insurance companies more to compensate for insurance premiums going up. [Kaiser Family Foundation / Larry Levitt, Cynthia Cox, and Gary Claxton]
And the end of the subsidies will be devastating for people who rely on them for affordable insurance, especially since insurance premiums are expected to increase next year. [NYT / Margot Sanger-Katz]
As Vox’s Sarah Kliff summarized, “Trump is enacting a policy where the government spends billions more to insure fewer people.” It could cause about 1 million people to lose insurance. [Vox / Sarah Kliff]
Trump’s actions are part of a larger theme: He and his administration seem bent on undoing the Obama’s policies, rather than trying to make them better. [Washington Post / Paige Winfield Cunningham]
www.fotavgeia.blogspot.com
Alex Wong/Getty Images
The Trump administration dealt another significant blow to Obamacare late last night, announcing it would end key federal subsidies that help lower the cost of health insurance for low-income Americans. [Vox / Dylan Scott]
The change primarily impacts low-income people who make too much to qualify for Medicaid. On average, the cost-sharing reduction subsidies, or CSRs, gave individuals about $1,000 to help with their out-of-pocket costs. [Vox / Dylan Scott]
The impact won’t be felt by people who qualify for subsidies because insurance companies have been preparing for this possibility and have already adjusted their premiums to reflect it. That means people without subsidies will see the cost of their insurance go up the most. [Vox / Dylan Scott]
The Trump administration’s position is that the subsidies aren’t legal because Congress hasn’t been able to authorize them. This is the same position congressional Republicans took when they sued the Obama administration in 2014. [NPR / Danielle Kurtzleben and Scott Neuman]
Trump’s move won’t actually save the federal government any money; as a matter of fact, it will add to the federal deficit. That’s because the federal government will have to pay insurance companies more to compensate for insurance premiums going up. [Kaiser Family Foundation / Larry Levitt, Cynthia Cox, and Gary Claxton]
And the end of the subsidies will be devastating for people who rely on them for affordable insurance, especially since insurance premiums are expected to increase next year. [NYT / Margot Sanger-Katz]
As Vox’s Sarah Kliff summarized, “Trump is enacting a policy where the government spends billions more to insure fewer people.” It could cause about 1 million people to lose insurance. [Vox / Sarah Kliff]
Trump’s actions are part of a larger theme: He and his administration seem bent on undoing the Obama’s policies, rather than trying to make them better. [Washington Post / Paige Winfield Cunningham]
www.fotavgeia.blogspot.com
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