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Trump Sabotage Causing Premium Increases That Wipe Out Tax Cuts

While Trump gets ready to hand out welfare checks to buy the farm vote, perhaps he should throw some money toward the Americans whom he’s pricing out of health insurance.

According to Affordable Care Act enrollment analyst Charles Gaba, unsubsidized enrollees in the ACA marketplace are paying an average of $960 more this year on health insurance premiums due to Trumpublican sabotage. Now, as preliminary rate filings are becoming available for states (not South Dakota yet) calculating the additional impacts of the repeal of the individual mandate and other Trumpublican sabotage of the ACA. In 26 states for which data is available, Gaba projects sabotage will cost these policyholders an average of $625 more through 2019.

Now read Gaba’s analysis carefully. He’s not saying that if Trump weren’t trying to wreck the ACA, premiums wouldn’t go up at all. Gaba is actually calculating how much of the premium increase is due to inflation and other factors and separating that increase from his sabotage analysis. Add his 2018 and 2019 figures, and you can say Donald Trump is costing the average unsubsidized ACA policyholder $1,585 more .

Under the Trump tax cuts, the typical family in the second-best income quintile, averaging $86,400 a year, will see its 2019 tax bill drop by $1,040. In other words, that average family sees its unnecessarily, recklessly, maliciously increased health insurance costs wipe out their tax cut and then some. By 2027, those premium hikes will only be worse, and the tax cuts will go away, meaning Trump leaves that upper middle class family paying more in taxes and health insurance premiums.

Start writing checks, Donald! You have a lot of people to pay back for the damage you’re doing.

4 Comments

  1. jerry

    What is missed on this whole sabotage is this. Take someone who does not have company supplied healthcare, the self employed as an example. These are actual figures from one of the two writers of individual health insurance in our state.

    Say the guy is 55 and so is his wife, both 55. Their premiums would be $804.00 each for non smoker rates. Say they have a child that is 25 in college, that would be $369.19 say they have one more kid in high school that is 17 $319.08. These premiums would be for a $6,650.00 deductible plan and would total $2,296.00 per month or $27,552.00 without the new rate increase.

    That means that the policy holder must have in cash on hand, $27,552.00 to pay the premiums for the year plus a maximum yearly out of pocket for the family of $26,600.00 for a total of $54,152.00 to cover his family if health issues happen.

    Think of that for a minute. The guy can write off most if not all the premiums on his taxes if it is done correctly, but still, he must pay the premiums in order to do so. Comrade NOem thinks this is one helluva idea and has voted 65 times to keep the sabatoge coming. Of course republicans in our state support this robbery including the governor as the state collects tax on that $27, 552.00 that the self employed guy is having to pay for this stealth tax.

    In the meantime, the subsidies are working for those on who the ACA was intended, but for the rest, you will keep paying and loving it or you can vote for change. Start by putting Comrade Dusty out to pasture so he can run wild with his “incredible speaker”, sex kitten, then put Sutton in the governors chair to bring about Medicaid Expansion after voters clean house on the dead weight of the failed state republican legislators.

  2. Debbo

    Why does Tangerine Wankmaggot hate America and Americans so much?

  3. jerry

    Anthem posts $1.1B profit as membership falls 888K
    July 26, 2018 Membership falls and profits increase a billion for a quarter. Premium increases are a good thing then correct? We would not want to deprive these guys of the luxury items they can now score.

    “Health insurer Anthem reported net income of $1.1 billion in the second quarter of fiscal year 2018, up 23 percent from $855.3 million in the same period last year.

    Anthem saw operating revenue increase 2.3 percent to $22.7 billion in the second quarter of 2018 compared to the same period a year before. The health insurer attributed the improvement to premium increases, the return of the health insurance tax in 2018 and acquisitions. Anthem’s decreased footprint in the ACA’s individual market in 2018 partially offset revenue gains.

    At the same time, Anthem’s medical enrollment fell by 888,000 members year over year to 39.5 million members. A large contributor to this decline was Anthem’s pullback in the ACA individual market, coupled with membership losses in its Medicaid business. However, Anthem saw Medicare enrollment climb by 254,000 members year over year, influenced by acquisitions like its February takeover of America’s 1st Choice, a privately held for-profit Medicare Advantage plan in Florida.”

    So where did this half million people go after getting kicked off this healthplan. They went back to being uninsured as the cost was driven upwards thanks to Comrade NOem and Comrade Putin.

  4. Debbo

    Mueller is looking at Tangerine Wankmaggot’s tweets for indications of obstruction through witness intimidation and pressuring senior law enforcement officials to tamp down the inquiry.

    Bwahahahahahahaha!!

    http://goo.gl/N3CVFs

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