Trump vows first act as President would be to repeal Obamacare
Since the start of the officially-named Affordable Care Act, Republicans have repeatedly tried to overturn it. “And it’s going to be so easy”, said GOP presidential candidate Donald Trump.
Regardless, the announcement comes at a time when more young and healthy people are needed to enroll and offset the cost of covering older, less healthy individuals.
Lawmakers say – the system needs work, but disagree on how to fix it.
Sign up for Affordable Care insurance begins November 1.
The agency attributed the large increase to insurers adjusting their premiums to reflect two years of cost data that became available.
“This is a big increase in an environment where health care cost growth is generally modest and incomes aren’t growing much at all”, Larry Levitt, senior vice president at the Kaiser Family Foundation said.
While HHS’s explanation may be comforting for the 70 percent or more of consumers receiving subsidies, the remaining 30 percent (and the USA taxpayer) may be less enthusiastic, especially in light of President Obama’s now defunct promise of lower costs for all under his signature healthcare plan.
About 55,000 people bought private health insurance this year through the N.M. health exchange.
Tammy Baldwin, who worked to pass the Affordable Care Act now under a renewed attack from Republicans, said Tuesday some provisions of the 2010 law need to be fixed, but that doesn’t mean the whole program should be scrapped.
About 85 percent of customers who buy Obamacare plans on government-run marketplaces have low or moderate incomes that qualify for subsidies that reduce their premiums. And there’s no denying that the increases are going to be painful for many working-class Americans who don’t get coverage through their employers.
Mock said the increase in health care costs might sound dire for families and individuals, but people who benefit from a subsidy will not experience those changes.
Chaney says the bottom line in all this is MS still has some of the lowest rates in the nation for the consumer, he also says the entire state still has coverage at this time.
“There have been numerous examples of health plans exiting exchange markets because financial losses were unsustainable”, Patti Embry-Tautenhan, a BlueCross BlueShield of SC spokeswoman, said in a prepared statement.