How many people buy Obamacare compliant policies and don’t get a subsidy for their out-of-pocket costs and their premiums?
According to the Kaiser Family Foundation, 6.7 million people out of a total of 15.4 million in the Obamacare compliant individual health market do not get any kind of subsidy. That is 44 percent of the total market.
I don’t see any evidence that Trump understands who he is hurting. Particularly when he argues he’s just ending an “insurance company bailout.”
He isn’t hurting the low-income people—by law they will get the CSRs while the additional premium cost that occurs when he fails to pay the insurers for them just gets picked up by Obamacare’s premium subsidy system that caps people’s out of pocket maximum premium.
He isn’t even hurting the insurance companies in the long-run by sticking them with this now unfunded mandate. Yes, they will take a big hit because they aren’t getting their CSR payments in October, November, and December to cover a benefit they are mandated to provide. But almost all of them can afford to bridge themselves into 2018 where they’ll ultimately raise the rates to cover the cost of providing the CSRs.
He’s really only hurting the middle class stuck in Obamacare, many of whom came to his campaign rallies complaining of the extraordinarily high cost of their individual health insurance and wanting Trump to do something about it.
He has. He just caused their rates to go up even higher.