Trump Cuts Affordable Healthcare on Its 8th Anniversary

The Affordable Care Act (ACA), which helped some 20 million Americans obtain health insurance, turns eight tomorrow (Friday, March 23). Millions of our fellow Americans feel more secure, and three-quarters of the country wants Trump and his administration to make the law work.

But the president and congressional Republicans have other plans in mind, instead continuing their efforts to repeal the ACA and to cut longstanding, proven programs that generations of working families and retirees have relied on for their healthcare.

Average Americans Would Lose Health Coverage. Millions of Americans from working families would lose their health coverage because his budget repeals the ACA. It also rolls back Medicaid expansion, which insured millions more.

Cutting Medicare and Medicaid. Candidate Trump pledged not to make cuts in Medicare, Medicaid, and Social Security. But now, his proposed budget cuts these programs by $675 billion over 10 years.

  • Trump proposes cuts of more than $550 billion from Medicare, which helps older Americans to afford medical exams, hospitalization, prescription drugs, and other health services.
  • His budget also cuts at least $306 billion from Medicaid, which pays for nursing-home care and helps veterans, Americans with disabilities, and people struggling with substance misuse.

Making Middle-Class Consumers Pay More. Republican policies could make you pay anywhere from 12 to 32 percent more next year for your healthcare coverage That’s because:

  • The Republican tax bill eliminated the requirement that most Americans carry coverage.
  • The Trump administration shortened sign-up times and cut back marketing for the plans.

GOP Tax Plan Could Hike Your Health Premiums by 90%

Thanks to Republicans, if you get your health insurance through one of the exchanges under the Affordable Care Act, your premiums could increase between 12 and 32 percent next year alone. And that’s just for starters.

Ninety Percent Premium Hike? By 2021, you could pay an exorbitant 90 percent more. As you make those exorbitant payments, you can blame President Trump and Congress for reducing the enrollment—and, thus, raising the costs—of these plans:

  • The Republican tax bill eliminated the requirement that most Americans carry coverage.
  • The Trump administration shortened sign-up times and cut back marketing for the plans.

Trump States Suffer Most. A recent national report by California’s insurance marketplace found that there are big differences from state to state, with much of the South and Midwest at risk of “catastrophic” rate increases within three years. In some of these conservative states, insurance regulators won’t protect consumers effectively. To see how your state will do, click here.

 

Some Middle-Class Consumers Shut Out. The ACA’s subsidies will protect some “lower-middle-class” customers from steep rate hikes. But other middle-class customers who earn too much for subsidies could be unable to afford their health plans.