Trump's policies create uncertainty in US health insurance market, potentially leading to higher rates

From Yahoo Finance: 2025-05-15 09:52:00

A GlobalData survey reveals fewer than half of low-income Americans have private health insurance. Trump’s policies create uncertainty, potentially leading to higher health insurance rates. Lower-income individuals may be priced out or underinsured, unable to afford necessary medical care. US consumers hold private health insurance, but premiums can be costly for those with lower incomes.

Trump’s threat to impose tariffs on pharmaceutical imports could raise medication prices by 12.9%. Private health insurers may increase premium rates due to future uncertainty. Drugmakers like AstraZeneca, Roche, and Novartis consider shifting production to the US to avoid tariffs, potentially leading to higher drug prices for consumers.

Despite tariff threats, Trump aims to reduce drug prices in the US with an executive order. This could lower private health insurance rates, but experts are skeptical of immediate impact. Uncertainties surrounding Trump’s policies may lead to higher premium rates and limited coverage, increasing the risk of underinsurance for Americans.

Overall, Trump’s policies bring uncertainty to the private health insurance market. Premium rates may rise, limiting coverage and potentially pricing out lower-income individuals. The future of the pharmaceutical industry remains uncertain, with potential impacts on drug prices and insurance coverage.



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