People of color will be affected the most with President Trump weakening Obamacare.
It wasn’t surprising to see President Donald Trump go out of his way to try to destroy the Affordable Care Act. Thursday the president signed an executive order that will make plans cheaper but cover less.
The New York Times reported that the order will make some Obamacare recipients have lowered premiums but those who suffer from pre-existing conditions will see their premiums rise and plans will cover less.
How does this affect black and brown people? NewsOne Now gives us three ways Trump’s order will affect us.
Via NewsOne Now:
1.The Affordable Care Act is still the law
The executive order, not buttressed by law, stops about $7 billion in subsidies or scheduled payments to insurance companies that help lower deductibles for low-income customers, according to The New York Times.
2. People Of Color will be most impacted by the order
While it’s unclear how the measure will shake out, people of color gained health care coverage after the passage of the Affordable Care Act. For Hispanics, the uninsured rate dropped from 41.8 percent to 30.3 percent. For African Americans, the uninsured rate dropped from 22.4 percent to 12.1 percent, according to Talking Points Memo. The biggest risk is for consumers, who buy their own insurance, according to The New York Times: “[i]nsurance companies, faced with the news about the subsidies going away, will drop out of the market for next year. Their contracts allow them an out if subsidy policy changes.”
3.What it means for Medicaid recipients
None of these changes directly affect Medicaid recipients, according to The Times. Consumers will know more about the effects of the order within weeks, The Times writes, but changes “are unlikely to be completed before the end of the year.”