Day 50–56 How Trump’s Healthcare Plan Impacts College Students


32651916922_e2ef281d89_k (1) After weeks, nay, months of beating around the bush on Trump’s new healthcare replacement, Republicans recently laid out their plan, which will take health insurance away from 14 million Americans by 2018 (24 million by 2026), many of whom were his own supporters, living in rural counties and benefitting from Obamacare.

While it’s not surprising that Trump said many misguided remarks about his healthcare replacement on the campaign trail, the result of harsher rates are somewhat surprising:

How it will affect your parents:

Insurance of older folks (at least those who don’t work on Wall Street) will increase, with premiums costing about 20-25% higher than current premiums. Obama’s Affordable Care Act (ACA) slowed the increase in market price of premiums, but repealing it could result in hiking premium costs for Americans.

Plus, seven million workers who have insurance through their employers may lose this insurance, because their employers may choose to stop offering it, according to the Congressional Budget Office. The ACA primarily assists lower-income, older people, who tend to have worse health conditions and less job insurance. Trump’s American Health Care Act (ACHA) intends to help these people by un-helping them. It’s like the difference between teaching a man to fish, and leaving the man hungry by draining the fish’s swamp, ya know?

But yeah, if your parents are the fortunate few who are relieved by the tax relief, and glad that a cancer survivor will be paying her dues to them by not returning to the doctor, that could be a plus. Maybe.


How it will affect you:

So far it seems like Trump’s new plan will allow you to mooch off of your parents until you’re 26 (as Obama’s ACA plan does). Young professionals will also probably face lower premiums in the long run than their premiums under Obamacare. Lower-income people will be facing higher rates and less government subsidies for, well, just about everything. Here’s to finding a job, eh?

Age-based tax credits are the main (and essentially only) factor in Trump’s new plan, and if you’re young and healthy, that’s good news. At least you can get a tax break from the feds for a little while, right?

“…The ACA takes family income, local cost of insurance, and age into account, while the replacement proposal bases tax credits only on age, with a phase out for individuals with incomes above $75,000.” – Kaiser Family Foundation


How it will affect the market:

The federal government deciding to reduce the coverage of older people and those with poor health directly contradicts the purpose of a “universal healthcare” plan. Don’t be fooled by Trump’s claim of affordable insurance for everyone. No matter how many times he claims he is “making America great again,” he will always be excluding a large percentage of our population.

Trump and the GOP hope that this plan will improve the individual insurance market by encouraging diversity of healthcare providers and increasing options for those who want to be insured. But with several years of Obama's plan under our belt, it actually pushes many people out of the health insurance market entirely.

It may even make the market more lucrative and is unlikely to improve the competition of health insurance companies. Companies will be able to charge older customers up to five times as much as they charge young people.

Even if most Syracuse students make up the portion of America who will be unaffected (basically, those with decent jobs), there is validity to considering all sides. With these Trumped-up promises, keep your privilege in mind, kids. You never know what group you’re a part of will be affected next.