Obamacare Is Doing Fine Unless Trump Kills It

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The Congressional Budget Office says that Obamacare is in good shape:

Under current law, most subsidized enrollees purchasing health insurance coverage in the nongroup market are largely insulated from increases in premiums because their out-of-pocket payments for premiums are based on a percentage of their income; the government pays the difference. The subsidies to purchase coverage combined with the penalties paid by uninsured people stemming from the individual mandate are anticipated to cause sufficient demand for insurance by people with low health care expenditures for the market to be stable.

Insurance companies are starting to make money on Obamacare. Nearly 20 million people have health insurance because of Obamacare. Premiums will probably go up next year, but not by a huge amount. And even if they do go up, federal subsidies will shield most people from having to pay any more than this year. Because of all this, CBO believes that Obamacare will stay stable and strong:

President Trump tweeted the opposite today, saying once again that Obamacare was on the verge of failing. This is a lie, one that he’s repeated over and over. Obamacare will fail only if he cuts off its funding.

The reason for this post isn’t so much to mention that Trump lied again today. The sun also rose in the east, and I didn’t write about that. It’s to remind everyone—including me—to stop writing tweets and blog posts that say something like this:

Trump says Obamacare is in a death spiral. He’s wrong.

When we repeat the lie, we just give it more exposure. The end result is that people vaguely know something about Obamacare and death spiral and controversial, and that’s it. They don’t really know who’s right, they just know that they keep seeing stuff about Obamacare being in trouble.

So don’t do it. Instead, just write the truth and then mention that Trump has lied about it.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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