Monday, November 27, 2017

Trump's call to stop Obamacare payments leads to more cheap plans for low-income customers

Via Billy

The Trump administration's decision to halt Obamacare insurer payments has led to higher tax credits for low-income customers. That has driven up the number of cheap Obamacare plans available for no premium but high deductibles. (AP Photo/Alan Diaz, File)

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.

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.

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

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