The U.S. Congressional Budget Office estimates that 15 million Americans will fall off the health insurance rolls next year.
That number will rise to 22 million over 10 years, and insurance costs will skyrocket for older Americans—the ones who need healthcare most.
According to the New York Times, under Trumpcare the CBO estimated that a 64-year-old with an annual income of $56,800 in 2026 will pay an average annual premium of $20,500—three times more than under the Affordable Care Act, (aka Obamacare).
There are many possible ramifications of this, but one thing it is likely to boost is medical tourism.
By simple market dynamics, when prices rise, buyers shop around for better deals. As prospects diminish in America, traveling to foreign countries for more affordable healthcare will become increasingly attractive.
Medical tourism is already booming. But under Trumpcare, its growth rate will soar.
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