For health care advocates, congressional Republicans’ difficulties in passing regressive health care legislation have brought some comfort, but the threats haven’t gone away. Not only are many GOP lawmakers committed to returning to the issue, but systemic sabotage from Donald Trump remains a real possibility.
Indeed, as we’ve discussed many times, the president has made repeated threats to cut off cost-sharing reductions (or CSRs) – a component of the Affordable Care Act that helps cover working families’ out-of-pocket costs – which Trump has effectively turned into a political weapon. The mere threat has already pushed consumers’ costs higher.
But what if the president followed through on the threat and decide to use this weapon? NBC News’ Benjy Sarlin noted the latest findings from the Congressional Budget Office.
Health care premiums will spike, insurers will exit the market, and deficits will increase if President Donald Trump follows through on his threats to cut off government payments to insurance companies, according to a new Congressional Budget Office report.
The cost of a “silver” insurance plan under Obamacare would be 20 percent higher in 2018 and 25 percent higher by 2020 compared to current law, according to the report. About five percent of the population would not be able to buy insurance through Obamacare at all next year, the CBO predicted, because companies would withdraw plans in response to the “substantial uncertainty” created by the move.
Posted by Libergirl