WHAT MIGHT TRUMPCARE DO TO INSURANCE MARKETS?

He started as ObamaCare.

Now TrumpCare is under threat, but no one seems to have an idea of ​​what it will look like. And with all the relative volatility that has abated in recent times, would adjustments to the Affordable Care Act send the insurance market into a more chaotic turmoil?

As a result of Republican-controlled Congress failure on its best chance of repealing ObamaCare – the GOP had been campaigning in each of the last three congressional congressional cycles since the signing of the 39 AC in 2010 – the Trump Administration was working from the ObamaCare repeal and was working instead to make ObamaCare more palatable, while all the evidence shows that it's safe. collapsed in its present form.

Where the legal secretary, Health and Human Services, Tom Price, is working to lighten some of the regulatory burden on consumers and insurers to make ACA really more affordable. However, by the time this happens, President Trump has threatened to withdraw the federal grants that insurance companies receive to help mitigate the huge premium increases that have occurred every year since the law entered into force

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Insurance companies withdrew from various state and federal stock exchanges to mitigate losses, which means that several counties nationwide having zero or one company insurance in trade, severely limiting the options for consumers. And now, with the removal of subsidies, the insurance industry could find itself in a spiral of accelerated death because premiums would probably increase exponentially to cover the loss of subsidies.

Could this lead to the collapse of the insurance market, or more open competition and, perhaps, lower insurance prices? And what about the insurance mandate, which Trump said to be repealed? If insurance companies do not get subsidies and people will not be penalized for not having insurance, could the insurance market survive with this extension? of the consumer universe?

The latest on Trump's health care seeks to move away from his campaign promise to repeal and replace the ACA, to speak now with a bipartisan group of Congressmen on an "ObamaCare solution" – although there is no detail on what this correction may entail. And of course, this raises the question of whether the law will actually be "fixed" in a way that will favor consumers, or "fix" by promoting a certain agenda towards more market insurance markets. free market or to a single market. , socialized health care.

Now that Trump 's repeal promise appears to be withdrawn from the table, TrumpCare now appears to be a "fixed" version of ObamaCare. The real question is whether this solution will benefit consumers or the government. There is no ground for agreement.

The insurance market was just starting to stabilize after six years, but the uncertainty of the repeal was now being replaced by "fixed" options. With some insurance companies doing a little better than before (more because they are withdrawing individual scholarships than to gain more customers), more uncertainty is sure to keep the market on the feet and in continuous chaos for the foreseeable future. to come up. Chaos is not good for consumers, nor for the economy.

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