Trump's threats on Obamacare payments to cause premiums spike in 2018

REX  Shutterstock  FEREX

REX Shutterstock FEREX

The CBO announced Friday the score would be released next week. Most Democrats (70%) and independents (59%) favor the bi-partisan approach, though almost half of Republicans (49%) and Trump supporters (46%) want Republicans to continue pursuing their own plan to repeal and replace the law.

The uncertainty sown by President Trump over health payments is causing double-digits premiums increases for Obamacare customers next year, according to new reports this week that could undercut his hopes of blaming Democrats as the law spirals.

Trump has recently threatened to cut off the payments for the cost-sharing subsidies, which reduce deductibles and co-pays for lower-income enrollees.

The Trump administration is giving insurers a few more weeks to revise their Obamacare rate requests for 2018.

A majority - 57% - say they want Republicans to work across the aisle to make fixes to former President Barack Obama's signature healthcare law, also known as the Affordable Care Act.

Sixty per cent of Americans say it's a "good thing" that President Donald Trump and Republican lawmakers failed to pass legislation repealing and replacing Obamacare, according to the August Kaiser Health Tracking Poll.

"The Trump administration is committed to repealing and replacing Obamacare and will always be focused on putting patients, families, and doctors, not Washington, in charge of health care", Marre said in a statement. "Instead, he gives his political opponents all of the ammunition they need to cloud the issue and legitimately point to his meddling". "Republicans running for Senate own these expensive rate hikes, which will impact voters as they prepare to go to the polls next fall". Premium increases in unsubsidized second-lowest cost silver plans in the surveyed cities varied from a 5 percent decrease in Providence, Rhode Island, to a 49 percent increase in Wilmington, Delaware, with most cities experiencing premium increases below 25 percent.

Even though only about 10 million people receive coverage through the marketplaces, about 60 percent of Americans believe that their family will be negatively affected by rising premiums in the marketplaces.

Unlike in previous years, insurers in this market face new uncertainties that could affect their final rate requests, including questions about the degree to which the ACA's individual mandate will be enforced, and about whether the Trump administration will continue making cost-sharing subsidy payments to insurers or Congress will clarifiy that the payments are authorized. It is key to drawing in younger and healthier consumers.