The Many Ways TrumpCareless Will Increase Americans’ Health Care Costs
Donald Trump promised his supporters that he would repeal the Affordable Care Act as soon as he got inaugurated, but it’s now been over a month since the inauguration, and Trump has yet to even announce a plan for how to repeal the health care law.
Journalists have obtained a draft of Republican legislation to repeal the Affordable Care Act, however, and it’s clear why Republicans haven’t released the bill to the public yet. It’s a disaster.
In short, the Republican plan to repeal and replace the Affordable Care Act will decrease access to health care at a higher price. Republicans gave the Affordable Care Act the nickname of ObamaCare. We could fairly term the drafted Republican health care legislation TrumpCareless.
Step 1: The Republican plan eliminates subsidies that helps people pay for health insurance. Result: Health care costs go up.
Step 2: The Republican plan drastically reduces funding for Medicare. Result: Large numbers of people lose their health care coverage completely.
Step 3: The Republican plan allows insurance companies to force people to pay 30 percent more for their health insurance if they have any gap in coverage – if they become unemployed, for example. Result: The people who can least afford the expense are forced to pay even more for insurance than they did before.
Step 4: The Republican plan creates a new tax on people who receive adequate health insurance. Result: Health care costs go up even more.
These provisions of the Republican TrumpCareless plan would create a health care death spiral. Because the plan makes health insurance vastly more expensive, fewer healthy people will get insurance at all, and more will choose to get minimal coverage. As a result, insurance companies will have less money to pay for medical care for the reduced number of people who do have insurance. They’ll have to increase the cost of insurance premiums even more to maintain profits, leading even more people to go without any insurance.
Thus, if the Republican plan to destroy the Affordable Care Act is enacted, medical care in the United States will become a luxury available to only to the wealthy.