Visualizing Trump's 'High-Risk Pool' Gamble
Posted by Tyler Durden on May 9, 2017 9:00 am
Tags: 111th United States Congress, 115th United States Congress, American Health Care Act, donald trump, Economy, Equalization pool, First 100 days of Donald Trump's presidency, Health, insurance, Internal Revenue Code, Martin Armstrong, OBAMACARE, Patient Protection and Affordable Care Act, Social Issues, Statutory law, united states
Categories: 111th United States Congress 115th United States Congress American Health Care Act donald trump Economy Equalization pool First 100 days of Donald Trump's presidency Health insurance Internal Revenue Code Martin Armstrong obamacare Patient Protection and Affordable Care Act Social Issues Statutory law United States
One of the key concerns surrounding the now seemingly imminent repeal and replacement of Obamacare is the fate of those Americans with a preexisting condition. Currently, under the ACA, such people can get cover without having to pay an extra premium.
Trump’s American Health Care Act (AHCA), however, would change that. As Statista’s Martin Armstrong reports, under the new law, states would be able to apply for a waiver, allowing them to charge people with preexisting conditions more for their coverage. Those with conditions such as epilepsy or cancer would be removed from the insurance pool and placed in a so-called ‘high-risk pool’ meaning healthier people can enjoy lower premiums.
Those in the high-risk pool would have their extra costs subsidized by the government – paid from a federal budget of $138 billion spread over ten years. Despite being a good idea on paper, some experts warn that the budget may be far too small. If a large proportion of states opt to set up high-risk pools, the money could end up being stretched far too thinly. If this turns out to be the case, the 27 percent of non-elderly adults that have a preexisting condition could find themselves footing the bill in some form.
You will find more statistics at Statista
As the infographic above shows, this situation could end up hurting President Trump‘s supporters the most. When looking at the states with the highest share of people with preexisting conditions, the ‘top’ eleven all voted Trump in 2016. Could high-risk pools end up being a political gamble that doesn’t pay off for Trump?