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Study Projects Health Exchange Premiums Will Rise 18% Due To GOP-Backed Changes

by Countable | 2.27.18

What’s the story?

A study on the projected effects of the introduction GOP-backed changes to the insurance marketplace was put out Monday by the left-leaving Urban Institute. The authors state that, in response to many health individuals leaving the Obamacare health insurance exchanges, premiums on the exchanges will rise in 2019 an average of 18.2 percent.

Healthy individuals are expected to leave the exchanges for two reasons. One, due to the repeal of the individual mandate starting in 2019 via the tax reform bill that was passed in late 2017. Two, authorization via an executive order in October 2017 of the introduction of short-term health plans.

Short-term health plans, which will be allowed to last for up to a year, will be cheaper than conventional plans. This could be a boon to younger, healthier consumers. But the plans are not subject to the legal restrictions placed on the health exchange plans. They may not cover mental health care or prescription drugs, and can exclude individuals for pre-existing conditions.

The study projects that 4.2 million people will likely enroll in the new plans, with 1.7 of those previously uninsured and the rest, 2.5 million, leaving the health exchanges to enroll in the new plans.

The study also projects that 6.4 million individuals will simply forego insurance once there is no penalty for not maintaining coverage.

Those approximately 9 million people exiting the health exchanges will drive up premium costs for older, sicker individuals who cannot purchase the skinnier plans or forego insurance entirely.

Individuals who have low enough incomes to qualify for federal subsidies will see the 18 percent rise in premiums mitigated somewhat. The study's authors project that to cover subsidies government costs will rise 9 percent, or $33 billion, in 2019.

What do you think?

Will you forego insurance once the individual mandate is no longer in effect, or will you migrate to a short-term plan? Will you stay in the exchange? Are you concerned about these projected premium increases? What will you do to manage that level of increase in your monthly expenses?

Tell us in the comments what you think, then use the Take Action button to tell your reps!

— Asha Sanaker

(Photo Credit: Healthcare.gov)

Countable

Written by Countable

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(33)
  • Keith
    02/27/2018
    ···

    Healthcare is a universal right, not a privilege of the healthy, wealthy, and fit. If two men walk into a hospital needing the same procedure, you mean to tell me that the guy with the money, who may be the absolute worst member of society, gets that procedure because he has better bank than the poor upstanding one? Please stop treating healthcare as a for profit business.

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  • Countryfirst
    02/27/2018
    ···

    MURDERING MONEY GRUBBING REPUBLICANS..YOU ARE DISGUSTING AND DISGRACEFUL..YOU'RE KILLING YOUR CONSTITUENTS AND CHILDREN...SICK!

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  • Bernie
    02/27/2018
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    Obama set this up, then gave everyone “ waivers” and “subsidies”. Republicans repealed some of those. You want to solve the problem? REPEAL OBAMACARE.

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  • Marylynn
    02/27/2018
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    So what else is new. The GOP don't care about whether or not our premiums are going up because of the laws they enacted. Case in point, do you know that when you turn 65 you are mandated to sign up for Medicare. You can opt not to enroll in Medicare B if you have existing health insurance, however if you choose to enroll at a later date, you will be penalized for waiving the right. So, you're damned if you do and damned if you don't. If I'm already paying for health insurance, why the hell should I have to pay Medicare B too? So far, we haven't found out why this is, just were told by Social Security, it's the law... So far those of us that pay our taxes, pay for our own health insurance, it's not enough, we continually get screwed over by the government. Our health care system in this country is a utter disaster and our lawmakers aren't doing a damn thing about it, but sticking us with the tab.

    Like (4)
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  • Karan
    02/27/2018
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    Really? PREMIUMS HAVE BEEN RISING SINCE 2013!!! Idiots trying to blame Republicans

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  • John
    02/27/2018
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    Universal single payer healthcare for all. Cradle to grave.

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  • Robert
    02/27/2018
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    Obama didn’t make these changes, Obama is not in political office. This is about politicians have in their hands in every corporate pocket they can get them into. Wake up people it’s always about the money!

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  • Mark
    02/28/2018
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    More cost to the government, more cost to the common people. Less cost to the very wealthy. The GOP is broken, the remaining members of the middle right need to stand up for their party.

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  • OldTimer
    02/28/2018
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    18% rise compared to a 350% rise under Obamacare seems really reasonable to me.

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  • Timnyc
    02/27/2018
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    This is no surprise the GOP doesn’t care about families or children they sold us out for profit from health care providers who contribute to their campaigns. This wasn’t about choice it’s about the money they sold your health and your grandparents health for profits

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  • Claude
    02/27/2018
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    Senator Rubio, by voting in the unfair tax plan you have become complicit in many individuals with pre-existing conditions in Florida not being able to afford insurance. I hope you will continue to feel good about kids that will die from assault weapons and older seniors with pre-existing conditions that will die as a result of not having medical coverage.

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  • PaxAmericana
    02/27/2018
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    Sorry, Healthcare is NOT a human right. And ObamaCare was unconstitutional.

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  • Azrael
    02/27/2018
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    Did their god tell them to do this like Pruitt ‘s god told him to do away with regulations so we all die from pollution and climate change? It gets worse and worse every day for the poor and middle class Follow the money Someone is getting a big kickback from insurance companies and big pharma

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  • RadicalModerate
    02/27/2018
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    Health insurance is killing poor people.

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  • Terry
    02/27/2018
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    I have not seen a study yet that is accurate, honest or uses the proper #’s to get to a truthful answer. #’s don’t lie but how you use those #’s can be manipulated.

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  • Deirdre
    02/27/2018
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    Stop blaming Obama. He is not the one who is increasing the price of healthcare. It’s who is in office now and the GOP trying to keep the poor sicker. We need universal healthcare but as long as people in power are getting bought off by big pharma and healthcare insurers this system will continue to abuse those in need

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  • I.Got.an.Idea...
    02/28/2018
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    The only reason American’s health is so bad is because Republicans and Conservatives want it that way. They have written all the laws that allow farmers, businesses, the wealthy pollute our planet, and create unhealthy foods , which all cause human beings to be unhealthy. Then they state that if you want to live, you must spend a lot of money for the privilege to live in this world. Conservatives have created an environment where everything can be owned by them, including water, air and natural resources and mineral rights below the land that you and I own. They will then charge you whatever they want for you to have water , air or any of these things.

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  • Patty
    02/27/2018
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    Why does the GOP continue to price working folks out of the healthcare market?

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  • Donna
    02/27/2018
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    No surprise here, as GOP is always acting at the direction of 1%ers...who own businesses like INSURANCE INDUSTRY. Just shows how ignorant voters are so easily manipulated to vote AGAINST THEIR OWN BEST INTERESTS. If you READ for yourself, YOU decide YOUR VOTE., NOT some HUCKSTER, FAKE like GOPs Trump, McConnell, Ryan, Pence, Huckabee, Conway, Cruz, et. al.

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  • Hiro9
    02/27/2018
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    Don't allow a public option (Joe Lieberman-D). Remove the risk corridors (Marco Rubio-R). Defund and continually threaten to defund more and unsurprisingly the insurance companies feel they need to hedge their bets by jacking up premiums.

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