Center for American Progress

Here’s How Trump’s Tax Law Is Raising Health Insurance Premiums
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Here’s How Trump’s Tax Law Is Raising Health Insurance Premiums

On the six-month anniversary of the passage of President Trump's tax law, author Thomas Huelskoetter describes how it is raising health insurance premiums.

Authors

  • Thomas Huelskoetter

Approximately six months ago, Congress passed a tax law designed to benefit corporations and the wealthy while repealing the Affordable Care Act’s individual mandate penalty.

Today, we’re already seeing the consequences: Premiums in the individual market are rising, often by double digits. As more and more states hit their deadlines for insurers to file preliminary premium rates, the headlines tell the same story, with average premiums going up by 30 percent in Maryland, 19 percent in Washington, and 24 percent in New York.

The above excerpt was originally published in The Hill. Click here to view the full article.

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Authors

Thomas Huelskoetter

Policy Analyst