This post was written by Connor Balough
Trump has been delivered an 11th hour savior, in the form of Obamacare. Obamacare Premiums are skyrocketing as the program collapses.
The cost of healthcare insurance in the US under the Affordable Care Act is expected to rise by an average of 25% in 2017, according to the government.
About one in five consumers will also only be able to pick plans from a single insurer, the White House said.
But it said federal subsidies will also rise, making the cost of the already expensive program even more unsustainable to tax payers. This isn’t fairing well for Hillary. Millions of Democratic voters are leaving her as she continues to promise to preserve Obamacare. Trump wants to repeal it, and allow insurers broad open access across state lines in a more competitive market.
The average increase of 25% in benchmark premiums on the federal exchange compares with increases of 2% in 2015 and 7% this year.
Democratic presidential nominee Hillary Clinton has said she supports the Affordable Care Act, but has denounced “skyrocketing out-of-pocket health costs”, saying the federal government should have the power to block or modify unreasonable rate increases.
But at a rally in Florida on Monday evening, Republican presidential nominee Donald Trump said it was all over for Obamacare.
“Our country can’t afford it, you can’t afford it,” he said, promising his own plan would deliver “great health care at a fraction of the cost”.
Meanwhile, ObamaCare architect Dr. Ezekiel Emanuel sought Wednesday to defend the collapsing health care law he helped design, in a contentious interview with Fox News where he tried to pin the blame for rising premiums on Republican lawmakers.
Speaking with “The Kelly File,” Emanuel acknowledged premium hikes in some markets are a “problem” that needs to be addressed. But he also accused critics of “cherry-picking” the worst-case scenarios.
“Some have gone up higher than others, but the premium hikes are because they came in, they did re-calibrate the market. They were trying to get market share, and it is a correction. It is a problem that we do need to address. But it is not across the board,” he said. “And it is going to be a one-time increase.”
Emanuel also argued that Florida Sen. Marco Rubio and other GOP lawmakers were to blame because of their push to prevent tax dollars from being used to cover insurance company losses.
“Republicans bear some of the responsibility for this,” Emanuel said. “Remember: Marco Rubio eliminated some of the risk adjustment that actually buffered and helped the insurance companies in this situation. He took it out of the budget. And that is a serious problem.”
Host Megyn Kelly pushed back – reminding Emanuel that he was a principal player in the creation of the health care overhaul.