Republicans are always citing massive rises in premiums as the primary reason that they want to repeal Obamacare. Today The New York Times demolished their argument with one simple interactive graphic.
Asking “How many people are affected by Obamacare premium increases?”, the Times revealed some basic facts about American health care today that most people don’t know. Of course, Trump and his cronies don’t want them to know the truth because it undermines the validity of their constant attacks on the Affordable Care Act.
With the passage of Obamacare, over 90% of the American people now have health care. What you might not know, however, is that the vast majority still receive their individual health insurance not through healthcare.gov or one of the state exchanges, but through their employer or from the government. For all of these people, the yearly increase in premiums has slowed dramatically since the introduction of Affordable Care Act, compared to the years before the plan was implemented.
The rest of the insured population either gets their health care through one of the Obamacare exchanges or directly through an insurance company. 85% of the people who get their coverage through the exchanges receive federal subsidies that protect them from the burden of premium increases.
That means that only the remaining 15% of people who get their coverage through the exchanges and those that buy directly from an insurance company are being affected by premium increases. Can you guess how many people these higher premiums actually affect once you exclude all of the people in the other categories?
It’s just 3 percent of all Americans. Of course, the new Trumpcare plan being proposed completely reworks how subsidies would work, basing them on age rather than income, meaning more people would be affected by premium increases, and older Americans on limited incomes would wind up potentially being priced out of the insurance market altogether at the time of their lives when they need healthcare the most.
Vinnie Longobardo is a 35-year veteran of the TV, mobile & internet industries, specializing in start-ups and the international media business. His passions are politics, music and art.