- Joined
- Aug 3, 2018
- Messages
- 34,752
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- Location
- north carolina
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- Political Leaning
- Very Conservative
The ACA requires insurers to lower deductibles, co-pays, and other out-of-pocket spending for low income people so that they can afford to use their insurance. In return, the feds are supposed to reimburse those insurers for those additional expenses.
When Trump reneged on making those reimbursements in late 2017 insurers responded by jacking up premiums to recoup the lost revenue--that's part of the mechanism by which Trump triggered the largest premium jump the marketplaces have yet experienced.
That made for some weird dynamics in the markets but the truly odd part is that insurers are now winning back in court the funds Trump reneged on--revenue those insurers already recouped, largely at Uncle Sam's expense, through the Trump-induced premium spike. Talk about double dipping!
Courts hammer Trump for sabotaging Obamacare, in rulings that could cost the Treasury billions
What a tangled web.
Billions are nothing when it comes to paying for universal healthcare. Conservative estimates peg the costs in the multiple trillions of dollars. Support for national universal healthcare is like sponsoring a personal end of life suicide accompanied by a spectacular choreographed fireworks display.