I want to address the question that he asked, which I think is a legitimate one, which is: What is the hurry on the Affordable Care Act premiums? There is a really straightforward answer, which is that people are getting letters tomorrow from their insurance carriers. Around 24 million people are going to get letters anytime from now until mid-November, and they are going to pay. Now, 24 million Americans are going to be told that because of the last tax bill that was just enacted by Trump and the Republicans, people are going to be paying an average of 114 percent more per person per month. It is not like we just went into a lab and cooked up an issue to try to hijack some unrelated moving legislative vehicle. The reason for this is that 24 million Americans are specifically on the ACA exchange, and they are absolutely going to get hosed. And because we are all in the same risk pool, it is not just people on the ACA exchange that are going to see massive increases in their healthcare premiums; almost every American is about to see a spike in their healthcare premiums, just like they have seen electricity rates going up at double the rate of inflation, just like they have seen the price of vegetables go up by 39 percent, just like they have seen shortages of lumber and labor.
Editor's note · Context
Discussing the impact of recent tax legislation on Affordable Care Act premiums.
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