'Tragedy in the making': Top healthcare exec on why insurance will spike to subsidize a tax cut to millionaires and bill [View all]

billionaires

Top healthcare executive John Driscoll calls the looming expiration of enhanced Affordable Care Act subsidies “a tragedy in the making,” warning that millions of Americans are about to be hit with higher premiums, lost coverage, and rising medical debt as Washington gridlock hardens.

Driscoll, who is currently the chairman of UConn Health after a 25-year career in health care including a previous position as Walgreens Boots Alliance president, said the policy reversal amounts to “a self‑inflicted wound” that will push costs up for both low‑income families and the affluent professionals who thought they were insulated.​

Driscoll cited CBO estimates that if Congress allows the subsidies to lapse, premiums will jump for roughly 24 million marketplace enrollees, and around 2 million people will lose coverage entirely in the near term.

“You don’t solve higher health care costs with fewer people getting insured,” he told Fortune, arguing that the system will simply reprice risk and shift costs onto everyone else. “Whenever you reduce coverage at the bottom, everybody pays more in the middle.”​​

https://www.yahoo.com/news/articles/tragedy-making-top-healthcare-exec-200946858.html

The GOPiggies don't care.