Revenge fuels President Trump's action on health care | Letters

Revenge fuels President Trump's action on health care | Letters

President Donald Trump took to Twitter Saturday morning to praise his executive order on health care, saying health insurance stocks "plunged" after he signed it. Trump said this Thursday, before he signed his executive order.

"His effort to gut these subsidies with no warning, or even a plan to contain the fall-out, is breathtakingly reckless", New York Attorney General Eric Schneiderman said Friday.

It is the biggest action taken so far to put an end to Obamacare.

Republican lawmakers largely campaigned on promises to repeal and replace President Obama's signature health care legislation, but have failed to do so despite control of both legislative chambers. He would need at least eight Senate Democratic votes to pass legislation and overcome a filibuster. Her state has led the country in insurance enrollment under the Affordable Care Act, almost 1.7 million consumers signing up for coverage. Many of those people likely will be unable to afford health insurance next year if these payments are not restored.

The order directs the federal government to consider ways for more people to buy health insurance plans that are exempt from numerous ACA protections - such as the requirement that health plans cover "essential health benefits", including maternity and mental health care, and the prohibition against charging people different premiums based on their health status.

The upshot is that a health care system that is already unstable will become more volatile, even as the ACA's fifth year of open enrollment approaches in coming weeks.

The effect on your plan choices and premiums for next year will vary by state and insurer.

Which will drive costs still higher. "The insurance companies have made a fortune. This gives them an alternative", said Robert Laszewski, president of the Health Policy and Strategy Associates, a consulting firm specializing in assisting insurance companies and other clients through health policy changes.

Trump said Thursday's move was "only the beginning" and that his administration would take additional steps.

But Trump has publicly and repeatedly declared his intentions to sabotage the current system and "let Obamacare fail". The Fort Pierce, Florida, barber benefits from the deductible and co-pay discounts, as do more than 1 million other Floridians, the highest number of cost-sharing beneficiaries of any state. So we're going a little different route, but you know what? "That's clearly not the case", Antos said. "This will be great health care".

If Trump thinks this will force Democrats to accept a GOP repeal plan, he's mistaken.

If you look at the analysis, President Trump has essentially ensured that the government will be paying more money for health insurance that is more expensive and covers fewer Americans. "New Jersey must also be on the front lines of this fight to defend our residents and their access to affordable quality care".

Cost-sharing is aimed specifically at people who buy coverage on government run exchanges and make between 100 and 250 percent of the federal poverty level - between about $12,000 and $30,000 for single people.

The CBO agrees with the premise of the Urban Institute's report on cost sharing reductions, though the nonpartisan agency does not break out federal spending changes by state. Shares in Acadia Healthcare declined by more than 3 percent and in Tenet Healthcare dropped by just over 5 percent.

When the premium for the benchmark plan rises, so does the government's subsidy for eligible consumers - because the health law ensures that those consumers will never spend more than 9.5 percent of their income on premiums.

The administration also halved the open enrollment period, which begins November 1, slashed the Obamacare advertising and outreach budget, and allowed broad religious and moral exemptions to the law's mandate that employers provide coverage for women's birth control.

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