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Does not save the federal government any money at all. in fact, because of laws that say the federal government has to subsidize those low-income insured it s going to cost the government $194 billion over the next decade. okay. talk about the immediate effect of ending subsidies to insurers. some states announced their obamacare premiums. pennsylvania, for instance, nothing changed. their premiums up 9%. now that it s gone, 20%. michigan with 17%. now 27%. georgia, 31.5% now 52% maryland didn t calculate, so high to start they didn t calculate what it could be without it. other states already assumed that the crrs would not continue. these are these states. they are assuming that what president trump just did was going to happen. look at these increases. 25%. somebody tells you that the marketplace premiums are not going up. that would be a lie. ....
According to the cbo, its analysis as scrapping these subsidies would actually increase premiums on the most popular plans by some 20% next year, and get this, it would swell the deficit by $194 billion over a decade, again, that is according to the cbo, some republicans like mike walker of north carolina for example is criticizing this decision by the administration, but senator of tennessee says that those who buy their insurance in that the individual marketplace deserve a break through, so the long and short of it is simply this, we are talking about august year, they are going to go ahead and let that money roll in, we don t know about september yet, will have to keep an eye on that, by the way, i want to share something that is just coming into fox news, also poised to rule, and this is interesting, they are going to unwind and obama era requirement, that some insurers we are talking health insurance plans that they ....
Ed henry looks at the numbers and what they mean. president trump has been touting it as a virtual backdoor way to crush if not outright repeal obamacare. possibly cutting off federal subsidies that insurance companies use for discounts on coverage for low and middle income americans. the best thing we can do politically speaking is let obamacare explode. an explosion is exactly what the budget office is forecasting if the president goes through with terminating cost-sharing reductions payments. the cbo warned that gross premiums for silver plans opposite the market places would be 20% higher in 2018 and 25% higher by 2020. killing the subsidies would mean $194 billion added to the federal deficit. however, on the positive side for the president, the cbo also ....
President trump s plan to potentially cut federal funding for subsidies on health insurance could force insurance companies to hike premiums on obamacare plans by 20%. that s according to a new report released by the congressional budget office yesterday. the cbo says the spike in premiums would take as places early as next we re. the report says the cost to consumers will likely stay the same. or even decline, due to the premium increases being offset by more tax credits. but that would increase the deficit by $194 billion through 2026. president trump has warned he could end the funding after republicans failed late last night to appeal obamacare. let s turn to court leaders. cnbc s cal carolin roth joins us ....
Into a death spiral, and actively hurt the american people. he threatens this all the time, and you and i would have members of congress and senators who would say, it s not knick affect premiums. the cbo is saying the premiums for the most popular health care programs would shoot up 20%, and the deficit would increase by $194 billion over the next decade just if president trump goes through with his threat not to have these subsidies. just think about this. when it was a threat, and you had to get through this, fine. maybe you will use those fighting words, but here we are with the affordable care act. it s not going anywhere. the republicans didn t get the votes. if president trump would go through with something like this, it would be an active measure to hurt the american people. here s the issue. he keeps talking about it, and some insurance companies say, i don t know if you will make the payments or not. it has to be done on a monthly basis, and they have to commit to what ....