Wednesday, June 28, 2017

Obamacare Premiums Might Skyrocket!

Charles Gaba—an essential follow for information on all the nooks and crannies of the ACA and the current debate (@charles_gaba)—laid out in detail another cheap trick that the administration is trying to pull. Insurance carriers, explains Gaba, already have been warning that premiums might go up by double-digits next year.  [...]  However, as Gaba also notes, this is due to a couple of factors: First, the administration, through Secretary of HHS Tom (The Wolf of Wall Street) Price, has threatened to not enforce the individual mandate; and second, they have threatened to withhold the ACA's Cost-Saving Reduction Subsidies to the carriers. Gaba then takes us to the very last page of Mitch McConnell's current dead fish, where we learn that, if the dead fish passes, the CSR reimbursements would be reinstated for two years, before disappearing entirely after that.

The cynicism on display here is breathtaking. Republican sabotage makes the premiums go up. Then the Republicans put together a bill that partially repairs the sabotage for long enough that they can boast—during the 2018 midterms, let's say—that they brought down premiums. Then, of course, after the dust clears after the election, the patchwork repairs disappear and everybody gets screwed so that billionaires get their tax cut, which was the whole point of this exercise in the first place. And if, for some reason, the dead fish doesn't pass, they continue to decline to enforce the individual mandate, and they continue to stiff the carriers on the CSR payments. Premiums go up, and the 2018 campaign becomes a referendum on the cost of Democratic obstruction. I have no faith in the ability of the elite political press to see through this obvious charade.

  Charles P Pierce
Time for single payer.

...but hey, do what you want...you will anyway.

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