When President Donald Trump’s executive order was dissected, experts found that insurance premiums would skyrocket. Part of the issue is that Trump’s executive order would end subsidy payments. That, in turn, would cause the premiums for individuals to rise significantly. At issue is the fact that the federal government will no longer pay the subsidies to insurance companies for offering cheaper insurance to low-income individuals. Without the payments, insurance companies will raise premiums in other areas, including the middle class.
It’s pretty straightforward when you think about it. The federal government will no longer give a break to the insurance companies for offering low-cost insurance to low-income individuals. Therefore, they must raise prices to offset the problem. However, if you’re Donald Trump, it’s never going to be your fault, and it is always going to be former President Barack Obama’s fault.
After promising Americans they would catch a break with his executive order, he took to Twitter Tuesday evening to say that “any increase” in insurance premiums would be the previous administration’s fault.
‘Any increase in ObamaCare premiums is the fault of the Democrats for giving us a “product” that never had a chance of working.’
That’s not how this works. By signing the executive order, Trump effectively ended ObamaCare and provided his own version of health care. It is now TrumpCare. So, if insurance premiums go up now, it’s because of TrumpCare – not ObamaCare. It’s all in Trump’s pussel-gutted lap now.
Twitter users responded to the tweet. You can check out those tweets below.
Featured image by Andrew Harrer-Pool/Getty Images.