SEARCH

< Back to All Blogs

What a Trump Presidency Means for Healthcare Costs

Ease
November 22, 2016

Healthcare costs is a topic that is hotly debated in America. Some say healthcare costs are through the roof while others claim the prices are perfectly reasonable. Some even argue the ACA has saved money because rates would be higher without the law.

Just a few years ago, President Obama promised an average cost savings of about $2,500 per year to every American, but this projection that costs would go down has since turned into the largest rate increase in history (along with unacceptably high deductibles).

Prior to the election, the Obama administration released information that healthcare premiums will rise an average of 22% in 2017. Headlines read that large increases will be accompanied by subsidies to make it affordable for consumers. However, subsidies do not mitigate the cost increase – they only disguise it.

On the campaign trail, President-elect Donald Trump made his plans to repeal the ACA very clear.

Now with the recent news that Trump may keep parts of the ACA intact, insurance leaders are being left to speculate exactly which of those components will remain. It is certain that no pre-existing condition limitations will be one aspect that will carry on through the new administration. According to Trump

You’re the expert on benefits. We make it easier for you to manage them.

Fill out the form to discover more.