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

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

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

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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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Insurance industry slams Paul Ryan for lack of comprehension

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The internet and social media lit up when the Speaker of the House of Representatives made a strange declaration about health insurance. The insurance industry was shocked by a recent statement from Speaker of the House of Representatives, Paul Ryan. He recently expressed his displeasure with the fact that premiums from healthy individuals are being used to subsidize the premiums of sick people. Social media, particularly Twitter, immediately blew up to inform Ryan that this is how insurance works. The insurance industry – including professionals and consumers alike – took…

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Will higher health insurance rates keep insurers in the exchanges?

health insurance rates

Regulators across the country are allowing insurance companies to make health plans more expensive. State regulators across the nation have been steadily giving the nod to increased health insurance rates. In fact, many have made it possible for those insurers to raise premiums more than the companies had requested. This may appear to be in opposition to the goal of keeping rates as low as possible for consumers. However, a data analysis conducted by USA TODAY suggested a different purpose for these decisions. The national newspaper indicated that the regulators…

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