Pennsylvania Voted for Trump in 2016. Thanks to Trump Many Will Now See TrumpCare Premiums Jump Up 30 Percent.

Trump Canceled Cost-Sharing Subsidies Last Week to Help Kill ObamaCare

After all but killing the ObamaCare exchanges last week by immediately halting the cost-sharing subsidies the federal government pays to help lower-income Americans afford their premiums, President Donald Trump took a victory lap several times, including on Monday, gleefully noting how the health insurance companies’ stocks are tanking.

What’s not tanking are the premiums millions of Americans will be paying as a direct result of Trump’s decision to discontinue those subsidies.

Pennsylvania flipped for Trump in 2016, after voting for Barack Obama in 2008 and 2012 – in fact, Pennsylvanians voted Democratic in every presidential election since 1992. Except last year’s when then voted for Donald Trump over Hillary Clinton. About 44,000 votes separated the two candidates last November, handing Trump 20 Electoral College votes.

And now, Pennsylvanians – at least those who voted for Trump – will be getting what they apparently wanted: higher health care bills.

“Insurance premiums for plans sold on Pennsylvania’s ObamaCare exchange will increase by an average of 30.6 percent for 2018 primarily because of President Trump’s decision to stop paying key subsidies, the state’s insurance department said,” The Hill reports.

To those who (falsely) insist ObamaCare premiums have been increasing by double digits across the nation (and forgetting that before ObamaCare premiums for many skyrocketed annually) the department notes that ObamaCare premiums would be going up only 7.6 percent.

“It is with great regret that I must announce approved rates that are substantially higher than what companies initially requested,” Acting Commissioner Jessica Altman said in a statement. “This is not the situation I hoped we would be in, but due to President Trump’s refusal to make cost-sharing reduction payments for 2018 and Congress’s inaction to appropriate funds, it is the reality that state regulators must face and the reason rate increases will be higher than they should be across the country.”

The Hill notes not all ObamaCare exchange plans will see the 30.6% spike. Some plans will be “insulated” from the huge double-digit increases.

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