Thursday, December 27, 2018

The New York Times Is Upset That Healthy Enrollees Will Have More Choices and Lower Premiums

The New York Times is upset with Trump administration concerning ObamaCare:
Its sabotage efforts in 2018 included cutting off subsidy reimbursement payments for low-income enrollees (the cost of which insurers pass along to unsubsidized consumers), slashing the marketing budget by 90 percent and gouging the outreach-assistance budget by 40 percent. Next year will have those plus the repeal of the individual mandate and the expansion of non-Obamacare-compliant policies that don’t include the law’s patient protections.

These moves siphon off healthy enrollees, damaging the A.C.A. “risk pool,” so that its customers tend to be sicker and more expensive to carriers. In setting their premiums, many insurers specifically point to these actions as reasons for rate increases.
ObamaCare but always about limiting competition by making healthy people pay higher premiums.