President Trump just revealed his breadth of knowledge about health insurance – and that it is close to zero. While he said many ridiculous things in the interview, his thoughts on healthcare proved that he knows nothing about how Obamacare works or how health insurance in general works. And Trump thinks it costs only $12 a year for insurance. Little does he know that an average American is paying hundreds of dollars per month to gain access to health insurance. And that doesn’t even include co-payments, co-insurance or other deceptive costs.
During the interview with The New York Times, Trump revealed how little he knows about health insurance. This is what he said:
“So pre-existing conditions are a tough deal. Because you are basically saying from the moment the insurance, you’re 21 years old, you start working and you’re paying $12 a year for insurance, and by the time you’re 70, you get a nice plan.”
Trump couldn’t have been further off the mark. Pay $12 per year is an even lower number than paying $15 per month as he said when he spoke to the Economist earlier this year. Either number is drastically different than the reality for most normal Americans.
“Insurance is, you’re 20 years old, you just graduated from college, and you start paying $15 a month for the rest of your life and by the time you’re 70, and you really need it, you’re still paying the same amount and that’s really insurance,” he said in the May interview, clearly indicating his lack of knowledge on the subject.
On average, a single person who gets health benefits through their employer pays a premium of $535 per month. On average, employees pay about 18 percent of the cost while the companies pick up the rest. This data comes from the Henry J. Kaiser Family Foundation and the Health Research and Education Trust.
For those who get insurance through their employers, on average they have to pay about $96.30 per month. And this number is higher for families.
When people don’t get health insurance through an employer or the government, they need to buy it themselves – or face a steep tax penalty.
The average monthly “Silver” plan, which is a mid-grade plan, costs a 30-year-old about $364.91 per month and a 60-year-old upwards of $872.01 monthly.
Obviously reality is much different than Trump’s worldview where people pay $12 per year for insurance.
His drastic mistake made people wonder if Trump confuses health insurance with life insurance.
Comments rolled in on Twitter:
“Does Donald Trump think that health insurance works like a 401k? Or life insurance? Or that anyone is paying $12/month for it?”
“Trump thinks insurance is like a 50 year fixed-rate mortgage, but your equity doesn’t vest until you’re old”
“It seems Trump might think health insurance is the same as the “low monthly price” life insurance from TV ads…”
The fact that the American president has no concept of what the average American goes through is depressing.
Do you think Trump needs an insurance business refresher course?
Please SHARE YOUR THOUGHTS in the comments below now!