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Trumpcare will hurt these people next year
President Donald Trump has crowed about dismantling the Affordable Care Act, even as he has failed to repeal it. But his efforts on health care, so far, are likely to hurt people who aren’t even covered by the ACA.
One group of health-care consumers have had a rough go during the last several years: The 6.7 million Americans who aren’t covered by an employer, who buy insurance on the individual market and who earn too much money to qualify for subsidies under the ACA. These folks tend to be self-employed or work as independent contractors, and insurance premiums for a husband and wife can top $20,000 or even $30,000 a year. Those between 55 and 64 tend to pay the most. (Medicare kicks in once people turn 65.)
Trump wants to help people trim their health-insurance bill, and he has introduced several measures that will help — but only for people who don’t get hurt or sick. People who have pre-existing conditions, or want a comprehensive policy, won’t enjoy any savings. And those who don’t have a big company negotiating insurance premiums on their behalf could see double-digit premium increases in 2019. Again.
“There’s going to be an enormous range of premium increases for 2019,” Larry Levitt of the nonprofit Kaiser Family Foundation tells Yahoo Finance. “Insurers are pointing toward actions by Congress and the Trump administration that will undermine the market and increase premiums. Bearing the brunt will be middle-class people who buy individual policies and don’t get subsidies under the ACA.”
President Donald Trump has crowed about dismantling the Affordable Care Act, even as he has failed to repeal it. But his efforts on health care, so far, are likely to hurt people who aren’t even covered by the ACA.
One group of health-care consumers have had a rough go during the last several years: The 6.7 million Americans who aren’t covered by an employer, who buy insurance on the individual market and who earn too much money to qualify for subsidies under the ACA. These folks tend to be self-employed or work as independent contractors, and insurance premiums for a husband and wife can top $20,000 or even $30,000 a year. Those between 55 and 64 tend to pay the most. (Medicare kicks in once people turn 65.)
Trump wants to help people trim their health-insurance bill, and he has introduced several measures that will help — but only for people who don’t get hurt or sick. People who have pre-existing conditions, or want a comprehensive policy, won’t enjoy any savings. And those who don’t have a big company negotiating insurance premiums on their behalf could see double-digit premium increases in 2019. Again.
“There’s going to be an enormous range of premium increases for 2019,” Larry Levitt of the nonprofit Kaiser Family Foundation tells Yahoo Finance. “Insurers are pointing toward actions by Congress and the Trump administration that will undermine the market and increase premiums. Bearing the brunt will be middle-class people who buy individual policies and don’t get subsidies under the ACA.”
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