CBO: Premiums would jump 20 percent next year if Trump cuts off Obamacare funds

(Worthy News) – Obamacare’s gross premiums would rise by an average of 20 percent next year and 25 percent by 2020 if President Trump cuts off payments to insurers, according to an analysis released Tuesday by the Congressional Budget Office.

The number of people who are uninsured would increase next year by 1 million, as insurers leave the exchanges, but then beginning in 2020 the number would be about 1 million lower than under current law because more people would qualify for another kind of federal subsidy, which pays for premiums, and would therefore be more likely to buy coverage, said the analysis by the CBO and Joint Committee on Taxation.

Trump has said he would consider cutting off the payments, called cost-sharing reduction subsidies, as a way to bring Democrats and Republicans together to negotiate a healthcare deal. After failing to pass a bill that would repeal and replace portions of Obamacare, a handful of senators said they believed the funds should be appropriated through Congress and that they should move to do so when they return from their August recess. [ Source (Read More…) ]

Lift this up in Prayer

7

people are currently praying.

Latest Worthy News

Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Books by George Whitten

The Eternal Kingdom Revealed https://eternalkingdomrevealed.com

The Eternal Kingdom Revealed traces the Kingdom of God as the central story of Scripture, from before creation to the restoration of all things.

Buy on Amazon

Identity in Messiah Revealed https://identityinmessiah.com

A devotional journey calling believers out of self-doubt and into confident, Kingdom-rooted identity in the Messiah.

Buy on Amazon

As an Amazon Associate I earn from qualifying purchases.