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“All of the negative things the Trump Administration has said since he came into office is affecting the market overall,” said Washington’s Deputy Insurance Commissioner Steve Valandra. “It’s made it unstable and created a lot of uncertainty and that’s something that health insurers don’t like.”
originally posted by: Diisenchanted
It seems that everything that happened when Obama was president was George Bush's fault.
Now that Obama is no longer president everything is Trumps fault.
Everyone with half a brain knew that Obama-care aka the ACA was destined to fail.
Yet it seems that the left refuses to accept responsibility for the fiasco that is Obama-care.
Obama-care rates have gone up every year since it was enacted. Why should it be any different this year ?
“All of the negative things the Trump Administration has said since he came into office is affecting the market overall,” said Washington’s Deputy Insurance Commissioner Steve Valandra. “It’s made it unstable and created a lot of uncertainty and that’s something that health insurers don’t like.”
Fox News
President Trump did discontinue cost-sharing subsidies, which were direct payments to insurance companies to defray some of the cost of providing health care. The National Association of Insurance Commissioners estimates the move added 12 percent to 15 percent to the cost of Silver plan premiums. Nineteen Democratic state attorneys general are suing Trump over the stoppage.
But the Trump Administration says it was only complying with a federal judge’s order, which declared the CSR’s or Cost Sharing Reductions to be illegal because Congress never appropriated the funding. President Obama ignored that fact and paid the subsidies anyway.
President Obama ignored that fact and paid the subsidies anyway.
Idaho's insurance regulator blasted the Trump administration's unwillingness to pay Obamacare insurers as the reason premiums could rise by up to 38 percent next year.
The state's Department of Insurance posted proposed rates for 2018 Monday. The state's six Obamacare insurers are calling for an average 38 percent rate hike, including a 50 percent increase for the silver plan, which is the most popular of Obamcare's three plan options.
originally posted by: Diisenchanted
a reply to: xuenchen
Lets say they put the blame where the blame is due.
President Trump did discontinue cost-sharing subsidies, which were direct payments to insurance companies to defray some of the cost of providing health care. The National Association of Insurance Commissioners estimates the move added 12 percent to 15 percent to the cost of Silver plan premiums. Nineteen Democratic state attorneys general are suing Trump over the stoppage.
But the Trump Administration says it was only complying with a federal judge’s order, which declared the CSR’s or Cost Sharing Reductions to be illegal because Congress never appropriated the funding. President Obama ignored that fact and paid the subsidies anyway.
So now you have 19 democratic state attorney general's suing Trump for something that was illegal to begin with.
originally posted by: darkbake
If the individual mandate is axed, premiums will skyrocket, and that is definitely Trump's fault.