Now Trump Acts to Sabotage Obamacare with Executive Order
The President takes action to stop payments of subsidies that make insurance more affordable for lower income citizens—mainly from the states that supported him. “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.”
Source: “Pro-Trump States To Be Most Affected by His Health Care Decision,” by Christina A. Cassidy and Meghan Hoyer, Associated Press, 14 October 17 at http://readersupportednews.org/news-section2/318-66/46307-pro-trump-states-to-be-most-affected-by-his-health-care-decision)
Insurance companies are expected to raise premiums from 15 to 45 percent as a result of the President’s ill-advised move. Supposedly a top cabinet member called him a “moron” for this and another action regarding the Iran deal. I suspect he won’t make it to the end of the year in office if he continues these antics—the clown conman and huckster in him can’t be suppressed.
Upcoming BioScience Events in Bay Area
- Bio2Device Group, Tuesday Morning, Oct. 17, 2017,Topic: “Building Wearables to Detect Patient Deterioration Earlier,” Speaker: Werner Vorster, Founder and CEO, Vitls
You can download the details for the upcoming events this week and those through March 2018 with Audreys Picks Oct. 15, 2017.