Last July it was reported that President Donald Trump was rather delusional regarding his knowledge and understanding of health insurance costs and that he thought health insurance only cost about $12.00 per month. While it was said by some that he mistakenly thought LIFE insurance was HEALTH insurance, there was no mistaking the fact that the person responsible for overseeing the health industry in America was totally clueless.
The Kaiser Family Foundation released an analysis of the insurance industry last week that revealed some astonishing facts. First and foremost is that “mixed signals” from Trump has created uncertainty in the market. That uncertainty has caused insurers to project costs for 2018 much higher than would happen normally — which has caused a corresponding projected increase in insurance premiums.
As reported by PBS:
‘The Trump administration’s own actions are triggering double-digit premium increases on individual health insurance policies purchased by many consumers, a nonpartisan study has found.’
The Kaiser report noted:
‘The vast majority of companies in states with detailed rate filings have included some language around the uncertainty, so it is likely that more companies will revise their premiums to reflect uncertainty in the absence of clear answers from Congress or the administration.’
Once rates are set, they generally stay at that rate for an entire year. According to the report, most insurers have already requested extra premium increases in ranges from 2 to 23 percent. Cynthia Cox, a Kaiser report co-author, said:
‘In many cases that means insurers are adding double-digit premium increases on top of what they otherwise would have requested. In many cases, what we are seeing is an additional increase due to the political uncertainty.’
Remember during his campaign when Trump said, “We’re going to have insurance for everybody.”? Doesn’t seem to be a happening thing anymore, nor is it one of Trump’s priorities as he works to strip over 20 million people of their insurance under the Affordable Care Act (ACA). Trump also said:
‘There was a philosophy in some circles that if you can’t pay for it, you don’t get it. That’s not going to happen with us.’
But it is. And it is getting worse. When asked to comment on the rising premiums, Spokeswoman Alleigh Marre said that the rising premiums predate Trump (blame it on Obama) and:
‘The Trump administration is committed to repealing and replacing Obamacare and will always be focused on putting patients, families, and doctors, not Washington, in charge of health care.’
Of course they are.
This video spells it out pretty clearly:
Featured image from YouTube video