The Trump administration's recent changes to healthcare protections may lead millions to lose health insurance, resulting in less financial coverage during medical emergencies. As insurance plan premiums rise significantly in state marketplaces, many individuals may switch to higher-deductible plans, increasing their out-of-pocket expenses. New federal guidelines are also allowing insurers to stop covering COVID-19 vaccinations, pushing costs onto patients. Additionally, the administration has rolled back regulations that would have kept medical debt off credit reports, further jeopardizing the financial stability of those unable to pay medical bills.
The recent changes in health care policy mean that millions will lose health insurance, leaving them vulnerable to high medical costs without adequate protections.
State insurance marketplaces will see significant increases in health plan premiums, which may force people to opt for higher-deductible plans with higher out-of-pocket costs.
Recent federal guidelines will allow insurers to no longer cover COVID-19 vaccines, placing the financial burden of vaccination on patients.
By rolling back regulations that protect against medical debt impacting credit scores, the Trump administration increases financial instability for Americans struggling with medical bills.
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