Pro-Trump states most hurt by change
By
President
Nearly 70 percent of those benefiting from the so-called cost-sharing subsidies live in states Trump won last November, according to an analysis by The Associated Press. The number underscores the political risk for Trump and his party, which could end up owning the blame for increased costs and chaos in the insurance marketplace.
The subsidies are paid to insurers by the federal government to help lower consumers' deductibles and co-pays. People who benefit will continue receiving the discounts because insurers are obligated by law to provide them. But to make up for the lost federal funding, health insurers will have to raise premiums substantially, potentially putting coverage out of reach for many consumers.
Some insurers may decide to bail out of markets all together.
"I woke up, really, in horror," said
Thompson, who spoke with reporters on a call organized by a health care advocacy group, said she expects to pay 30 percent to 50 percent more per year for her monthly premium, potentially more than her mortgage payment. Officials in
An estimated 4 million people were benefiting from the cost-sharing payments in the 30 states Trump carried, according to an analysis of 2017 enrollment data from the
Roughly half of the estimated 71,000 Kentuckians buying health insurance on the federal exchange were benefiting from the cost-sharing subsidies Trump just ended. Despite the gains from Obama's law, the state went for Trump last fall even as he vowed to repeal it.
Consumers such as
"I'm stressed out about the insurance, stressed out about the overall economy, and I'm very stressed out about our president," said Clark, a 61-year-old real estate broker who lives in a small town about an hour's drive south of
While she earns too much to benefit from the cost-sharing subsidy, she is worried monthly premiums will rise so high in the future it will make insurance unaffordable.
She had bypass surgery following a heart attack last year and pays just
Her monthly premium is heavily subsidized by the federal government, but she worries about the cost soaring in the future.
"Probably, for some people, it would be a death sentence," she said. "I think it's kind of a tragic decision on the president's part. It scares me because I don't think I'll be able to afford it next year."
Rates already were rising in the immediate aftermath of Trump's decision. Insurance regulators in
In
The
Trump's move concerned some
"I think the president is ill-advised to take this course of action because we, at the end of the day, will own this," Rep. Charlie Dent, Penn., said Friday on
Dent is not running for re-election.
In announcing his decision, Trump argued the subsidies were payouts to insurance companies and the government could not legally continue to make them. The subsidies have been the subject of an ongoing legal battle because the health care law failed to include a congressional appropriation, which is required before federal money can be spent.
The subsidies will cost about
Many
Among them is Rep.
An estimated 78,000 Arizonans were benefiting from the federal subsidies for deductibles and co-pays.
"While his actions do not take the place of real legislative repeal and revitalization of free-market health care, he is doing everything possible to save Americans from crippling health care costs and decreasing quality of care," Biggs said.


It’s Your Business, Oct. 14, 2017
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