Trump says young people pay $12 for health insurance stat : CNBC

In an interview published Wednesday, President Donald Trump told The New York Times that young people pay $12 a year for health insurance. Most Americans pay significantly more than that for health insurance, even young people. Some pundits have speculated that perhaps Trump continues to confuse life insurance with health insurance, since premiums for the former can indeed work the way he described. "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," he said. Even in the most affordable states, most 21-year-olds pay much more than $12 a month simply for their premiums.




You might expect that health insurance companies have been holding their breath, waiting to see what's next. But it turns out many of the larger insurers don't make much of their money selling insurance in the individual market. Listen To The Story Marketplace Embed Code After months and years of trying, there's going to be no replacing — or repealing — of Obamacare. For example, UnitedHealth, which is largely out of the exchanges, announced huge second quarter earnings on July 18, beating Wall Street expectations. So how are insurers boosting profits in these uncertain times?

Letter: All Americans deserve health insurance

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