Friday, October 13, 2017

Trump Moves to Undo Obamacare After Repeal Drive Fails on Hill - Bloomberg

Trump Moves to Undo Obamacare After Repeal Drive Fails on Hill - Bloomberg



...About 83 percent of the 12.2 million people in the Obamacare marketplace receive subsidies, according to the Centers for Medicare and Medicaid Services. Insurers have told many states they will need to charge higher premiums next year to offset uncertainty around the subsidy payments.

Costs have also climbed for those who don’t qualify for assistance. The average monthly premium not including subsidies for a family of four with $60,000 in annual income was $1,090, or $13,080 a year for a midlevel “silver” plan, according to a 2016 report from the U.S. Department of Health and Human Services...

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