Forbes May 29, 2018
Exchange plan premiums will rise an average of 15 percent next year, according to a Congressional Budget Office analysis released this past Wednesday.
Congressional Democrats blamed the president. Sen. Mark Warner, D-Va., tweeted that the rate hike is “largely due to Trump Administration sabotage of the health insurance market.” Senate Majority Leader Chuck Schumer also took to Twitter, bemoaning the “Trump-GOP sabotage” and complaining that the “Trump admin’s expansion of #junkplans will leave millions more Americans susceptible to denied coverage & medical bankruptcy.”
They’re both mistaken, as the CBO report itself makes clear. The Obama administration is to blame for skyrocketing premiums. And the short-term “junk plans” Sen. Schumer maligns would offer consumers affordable insurance and actually increase the number...
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