Confusion is just one of the side effects of President Trump's indecision on how to deliver Republicans' promised health-care reform. A study released Thursday by the nonpartisan Kaiser Family Foundation revealed that all of Trump's "mixed signals" could cause "double-digit premium increases" on health insurance policies in 2018, The New York Times reported:
Researchers from the Kaiser foundation looked at proposed premiums for a benchmark silver plan across major metropolitan areas in 20 states and Washington, D.C. Overall, they found that 15 of those cities will see increases of 10 percent or more next year.
The highest: a 49 percent jump in Wilmington, Delaware. The only decline: a 5 percent reduction in Providence, Rhode Island. [The New York Times]
"In many cases, that means insurers are adding double-digit premium increases on top of what they otherwise would have requested," said study co-author Cynthia Cox. "What we are seeing is an additional increase due to the political uncertainty."
The increases, which Kaiser said can be traced at least partially back to the unusual levels of uncertainty spurred by Trump's attacks on ObamaCare coupled with his party's inability to pass a replacement plan, could affect as many as 17 million people. Becca Stanek
The stock market suffered a setback in its gains after two more bombshell reports on President Trump dropped Friday afternoon. The New York Times reported Trump told Russian officials in an Oval Office meeting that he fired FBI Director James Comey, whom he called a "nut job," to ease the "pressure" of the Russia investigation, and The Washington Post revealed that a White House official has become a "significant person of interest" in the FBI's investigation of Trump-Russia ties; shortly thereafter, the stock market's upward climb reversed course.
Bloomberg described the dives as a "late day fade." "You [have] headline risk, and the market sold off briefly because of those headlines on a slow Friday afternoon," Andrew Frankel, co-president of Stuart Frankel & Co in New York, told Reuters. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite still ended slightly up, though not as high as they were prior to the big news breaks of the day.
The stock market was rebounding Friday after a tough week riddled with devastating reports about Trump. On Wednesday, the Dow took a more than 300-point dive after reports surfaced that Trump had urged Comey to drop the FBI investigation into ousted National Security Adviser Michael Flynn. Becca Stanek