Trump Doesn't Seem To Know What Health Insurance Is, How It Works Or What It Costs

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President Donald Trump’s interview with The New York Times generated a variety of headline-making feedback. But his remarks on medical health insurance, the most important subject of the week, steered he didn’t know the way it really works or how a lot it prices.

“So pre-existing conditions are a tough deal. Because you are basically saying from the moment the insurance, you’re 21 years old, you start working and you’re paying $12 a year for insurance, and by the time you’re 70, you get a nice plan.” 

The perception of paying $12 a yr for medical health insurance is even lower than the $15 monthly quantity Trump floated in an interview with the Economist previous this yr.

“Insurance is, you’re 20 years old, you just graduated from college, and you start paying $15 a month for the rest of your life and by the time you’re 70, and you really need it, you’re still paying the same amount and that’s really insurance,” he stated within the May interview. 

The reasonable top rate for a unmarried one who will get well being advantages from an employer closing yr used to be $536 a month, with staff paying a mean of 18 % of the price whilst employers select up the remaining, in keeping with knowledge from the Henry J. Kaiser Family Foundation and the Health Research and Education Trust.

Prices are other available in the market for individuals who don’t get well being advantages from an employer or a central authority program ― together with those that acquire insurance policies without delay, via a dealer or a medical health insurance change. For customers on this medical health insurance marketplace, the typical per 30 days unsubsidized top rate a mid-level “Silver” plan levels from $364.91 for a 30-year-old to $872.01 for a 60-year-old, in keeping with knowledge compiled through HealthPocket.

All of the ones numbers, after all, are considerably upper than both determine steered through the president. This precipitated quite a few observers to wonder whether Trump used to be complicated medical health insurance with the existence insurance coverage commercials that air in heavy rotation on cable information. 

This article has been up to date with further knowledge on reasonable medical health insurance prices. Jeffrey Young contributed reporting.

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