Analysis, Commentary, Health and Fitness

Health Care Sabotage Will Increase Insurance Premiums by More Than $1,000 Next Year

Paul Ryan et al
Speaker of the House Paul Ryan (R-WI) and other congressional majority leaders celebrate the passage of the House tax bill on Capitol Hill in Washington, D.C., November 16, 2017. (Source: Center for American Progress)
Washington, D.C. —(ENEWSPF)—May 18, 2018
By: Thomas Huelskoetter

Today, the Center for American Progress released a new 50-state analysis projecting the average increase in insurance premiums for a 40-year-old marketplace shopper for the 2019 plan year. The analysis accounts for both the impact of repealing the Affordable Care Act’s individual mandate and the Trump administration’s proposed rule to rescind limits on the sale of short-term insurance plans.

The analysis finds that, next year, marketplace sabotage will increase benchmark plan premiums nationally by $1,013 on average.

Health Insurance Costs
(Chart Provided)

“First they passed massive tax cuts for the wealthy and corporations, and now they’re asking middle-class Americans and people with pre-existing conditions to pick up the tab,” said Topher Spiro, vice president for Health Policy at the Center for American Progress. “President Donald Trump and Congress’ sabotage of the insurance marketplaces will cause premiums to skyrocket more than $1,000 next year. They should be focused on lowering health care costs, not increasing them and intentionally undermining the stability of the insurance marketplaces that millions of Americans benefit from.”

Click here to read the full analysis.