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Trump to issue stop-payment order on health care subsidies

13 October 2017 ABC


Trump to issue stop-payment order on health care subsidies

In a brash move likely to roil insurance markets, President Donald Trump will “immediately” halt payments to insurers under the Obama-era health care law he has been trying to unravel for months. The Department of Health and Human Services made the announcement in a statement late Thursday….


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  • Rijomi2

    This does not affect the 70 million plus on Medicaid, it affects the marketplace where less than 10 million are enrolled. Worth noting more than that are paying penalties or getting waivers because the coverage basically sucks.
    There are 1,433 counties with one provider. Despite what you hear, Obamacare is basically a feudal system set up by counties, not by the states. With one provider in those 1,433 counties, it has now become a monopoly. In economics when you have a monopoly demand is inelastic, so price is not an issue. Obamacare fuels this even more by providing subsidies so why should providers and insurers care about what they charge? Come to think of it, with 1,433 counties, which is 45%, they may just have figured out how to play the game. Think about that.

    • EarnitYourself

      Good article and post, Rij. This is what I went a bit off topic about earlier.

      This is Cash for Clunkers on an epic scale.

      Use taxpayer dollars (and higher premiums from those who pay) to push demand and revenue into an industry. But healthcare doesn’t need the “life support” that was used to justify C for C.

      The ~250 million who are paying lots more for less coverage need to tell the losers who aren’t paying their fair share to shut up.

      • Rijomi2

        That’s ok I had it in the hopper and when I read your comment decided to post it first. I’m not a conspiracy theorists but it does appear that they pulled out certain markets systemically. It would be interesting to see how those one provider markets are carved .

  • Pompano Queen1

    Looks like I’m screwed!

    • Charles___Darwin

      Why?

      • Pompano Queen1

        Unfortunately I rely on that subsidy to have decent healthcare coverage. I need the coverage due to the health emergency I had a couple of years ago. I am working for less than half what I was before I lost my career in 2010. I am the poster child for what is wrong with this economy and “where did middle class go”?!

        • Charles___Darwin

          YOu may want to check. I was reading that the individual subsidy will remain. It’s the subsidy the dems gave to their friends in the insurance business that’s getting pulled. Good luck.

          • Rijomi2

            Correct

          • Pompano Queen1

            Thanks Charles! I have learned a bit more about it. I don’t get help paying my deductibles and co pays. Just the premium credit.

          • Charles___Darwin

            I hope it works out for you.

          • Pompano Queen1

            Thanks!

          • Rijomi2

            Only those with Silver marketplace plans, who make less than 250% FPL, can get cost assistance to lower deductibles. It’s also on a sliding scale, so you get less as you approach the 250%. The FPL for 2017 was $12,060 for individual, or a little over $30,000 at 250%
            Insurance rates, copays, and deductions have already been set this year. That being said, I don’t believe it will affect anyone this year. If changes are approved, there will be more options for 2019.

          • Pompano Queen1

            So the people getting these subsidies have a gross pay of only $12,060.00?

          • Rijomi2

            NO, The poverty line is $12,060. You can have a gross pay up to $30,000 (250% FPL) . Since it’s on a sliding scale, at $12,060 it’s at maximum and is reduced until $30,000, after that it’s zero. That is for a single person.

        • Rijomi2

          Obamacare enrollees eligible to receive premium subsidies, which are not affected by Trump’s move, will continue to get discounted rates 🙂

          • Pompano Queen1

            Thanks for the info Rij! 🙂