Trump Stopping Obamacare Payments Leads to More Cheap Plans

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(Washington Examiner) President Trump’s decision to cut off Obamacare payments to insurers has driven up the number of zero-cost plans being sold to customers for 2018.

President Donald Trump photo

Photo by Gage Skidmore (CC)

The move to stop the cost-sharing reduction subsidies has led to higher tax credits for low-income customers, which in turn has led to an increase in the number of cheap Obamacare plans available for no premium but high deductibles.

The eligibility for a zero-cost plan varies depending on where an enrollee lives and how much he or she makes.

For instance, 2,436 counties in the U.S. offer free bronze plans — the cheapest of Obamacare’s four metal tiers — to a 40-year-old making $20,000 a year, according to an analysis from the health research organization Kaiser Family Foundation.

RELATED: People Signing Up for Obamacare Like Crazy

A separate analysis from Kaiser found that 4.5 million uninsured people are eligible for plans with zero-dollar premiums.

“There were certainly cases previously where zero premium bronze plans were available to people receiving tax credits, but the availability has increased dramatically for 2018,” said Larry Levitt, senior vice president for Kaiser.

The website Health Sherpa, which helps people find Obamacare plans, found that in the first two weeks of open enrollment, 18 percent of all enrollees found a plan with no premiums and 51 percent found plans for $50 or less a month. Nearly 2.3 million people signed up for Obamacare in the first 18 days of open enrollment, the Trump administration said Wednesday.

Levitt attributed the boon of zero-cost plans to President Trump’s decision to halt cost-sharing reduction payments last month. The payments reimburse insurers for a requirement to lower co-pays and deductibles for low-income Obamacare customers…

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  • Lmcyber

    Sure! More cheap plans with no coverage. Way to go trump. The age of junk plans had arrived again. These plans are not worth the paper they will be written on.

    And on top of giving massive tax breaks to wealthy corporations and individuals, while those in higher incomes who certainly are not billionaires and are working for a paycheck will be paying 52% of their income because repubes took way all of our deductions. Think about – 52% tax rate.

    Then today Ryan said HE IS COMING AFTER YOUR ENTITLEMENTS WHICH IS MEDICARE, MEDICAID AND SOCIAL SECURITY!!