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e-Health develops new health insurance packages to counteract Trump’s ACA withdrawal

Upon the recent news that President Trump is set to dismantle Obamacare and rip into the present Affordable Care Act (ACA), many low-income families wil...

Catherine Sturman
|Oct 19|magazine9 min read

Upon the recent news that President Trump is set to dismantle Obamacare and rip into the present Affordable Care Act (ACA), many low-income families will be unable to afford basic healthcare.

With premiums expected to rise by more than 20% in some markets, eHealth recently published a report examining health insurance costs for families that make too much to receive ACA premium subsidies in 50 US cities and found that a projected 10% increase in 2018 would make their health insurance unaffordable in 47 of those cities.

e-Health also analysed ACA health insurance premiums for individuals that make too much to receive ACA premium subsidies in 25 US cities and found that by age 45 health insurance would be unaffordable in the majority of those cities if premiums rise 10% in 2018.

Health insurance company e-Health is therefore set to support this market in a new partnership with The IHC Group. The collaboration will see it boost its revenue growth by developing new health insurance packages which will support those who will become unable to afford health plans which meet all requirements for ACA or Obamacare.

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The packages will become available at the beginning of November, and will provide a single point of service when users need to use their benefits. Offerings may differ by state but will include varying combinations of both insurance and non-insurance products, such as short-term medical insurance, supplemental (GAP) insurance, fixed-indemnity insurance, telemedicine benefits, prescription drug discount benefits, and medical advocacy services.

“We’ve listened to our customers and developed these medical insurance packages to better serve those customers who are not getting what they need from our Obamacare products,” commented e-Health Chief Executive Officer Scott Flanders.

“Today’s actions by the Trump administration will help consumers who can’t afford Obamacare plans by giving them lower cost, longer-term options. Lifting restrictions on short-term insurance plans, for instance, is a long-overdue step that will help consumers who are caught in Obamacare’s affordability gap.”

 “This executive order will bring some relief to the nearly eight million middle-class Americans who pay full price for their health insurance,” he added. “43% of the people enrolled in Obamacare health insurance plans don’t qualify for premium tax credits and, as a result, have few or no affordable options for health coverage.”