Tag: health insurance premiums

GOP tax plan will cause health insurance rates to spike

Logan B.
GOP tax plan health care vote - President Donald Trump Official Portrait

If the Republicans manage to pass their tax plan as is expected this week, coverage may get much pricier. If Republicans successfully pass the GOP tax plan this week – and the expectation is that it will – health insurance could become much more expensive for Americans, say opponents. The final version of the Republican plan will repeal the individual insurance mandate of the ACA. The Affordable Care Act (ACA) requires Americans who don’t have health insurance coverage through their employers, other groups, Medicare or Medicaid, to purchase coverage for…

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State insurance regulators start approving rate hikes to cover Trump’s slashed subsidies

Nordstrom
trump health insurance regulators premiums rates

Officials in Maryland have already given their approval to the last minute increases, but others are following. Insurance regulators in many states are starting to look into last minute health plan rate increases to compensate for the elimination of Affordable Care Act subsidies. Michigan officials have warned that they are already looking into the increases that they are likely to approve. At the same time, Maryland insurance regulators have already given their approval to the rate hikes. These increases are a direct response to President Trump’s executive order that eliminated…

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GOP opposition to ACA subsidies suspends bipartisan health care agreement

Logan B.
aca subsidies - health care reform

Just after bipartisan senators released an eleventh hour effort to save medical coverage, it ground to a halt. A bipartisan effort to rescue the American health care system following President Donald Trump’s annihilation of the ACA subsidies has stalled. Though the agreement had been underway, hours later, it was suspended as the president sent mixed signals and Republicans either opposed it or failed to endorse it. The agreement was created due to a sense of urgency to recover after key payments to insurance companies were withdrawn. As President Trump was…

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Trump ends health care subsidies and places Congress under high pressure

Logan B.
Donald Trump health care subsidies - signing executive order

The President’s decision to cut off payments vital to making insurance plans affordable is creating turmoil. Before the start of the weekend, President Trump decided to singlehandedly eliminate the health care subsidies central to the Affordable Care Act. The move takes away money critical to making sure lower income Americans can afford the coverage they need. Trump’s decision was made to try to put pressure on Congress to repeal the ACA, despite many prior failures. The health care subsidies were added to President Obama’s reforms to protect consumers against the…

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Health insurance premiums and deficit climb with Trump’s mountain of threats

Nordstrom
donald trump health insurance executive order

The Congressional Budget Office released a statement outlining the financial impact if the president goes ahead with his plans. Health insurance premiums for the most popular plans are going to spike by 20 percent in 2018 if President Trump moves forward with his current threats to the Affordable Care Act. This data was released by the Congressional Budget Office. It also said Trump’s plans would harm the federal budget deficits by increasing them by $194 billion. The federal deficit would suffer by nearly 200 billion over the next ten years…

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Health insurance penalty for failing to purchase coverage will remain

G. Turner
Health care vote insurance Donald Trump

Those opposed to the Affordable Care Act once again failed to pass the whittled-down version of the GOP legislation. The latest attempt by opponents of the Affordable Care Act (ACA) to remove the health insurance penalty for not being adequately covered have failed yet again in passing legislation to repeal President Barack Obama’s health care law. On Friday, the Senate defeated the most recent version of the health care law’s repeal legislation. Among the main reasons cited by GOP lawmakers for trying to overturn the ACA is the penalty for…

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Colorado insurance commissioner points finger at Trump administration for massive rate hikes

Marc
denver colorado health insurance

Marguerite Salazar says that uncertainty generated by the president led to the 27 percent rate hike requests. Colorado Insurance Commissioner Marguerite Salazar’s department received requests for 27 percent rate hikes in the individual market and 7.3 percent for small group. The commissioner is not happy and blames the Trump administration for the uncertainty they’ve created within the market. Salazar said the games played by the Trump administration have caused the health insurance market to become unstable. The result of these actions, said the Colorado insurance commissioner, was huge 2018 rate…

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