President Donald Trump has just claimed that you can buy health insurance for as little as $12 a year (or $1 a month). He made the remarks in an exclusive interview he gave to the New York Times, who he claims is ‘fake’ and ‘dishonest.’
Here’s what he said:
“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. Here’s something where you walk up and say, “I want my insurance.” It’s a very tough deal, but it is something that we’re doing a good job of.”
Not like this really needs to be fact-checked, but no one in America can buy health insurance for $1 a month. It just hasn’t happened before. But, just for laughs, let’s go ahead and fact-check anyway. The Kaiser Family Foundation estimates that the U.S. yearly premium for individual plans offered in America is around $4,583.
Some of you reading this might say, ‘Hey, not fair, maybe Trump was being off the cuff in trying to make a bigger point.’ We will address that, too. This isn’t the first time Trump made this statement. He made a similar equally laughable comment in May about being able to buy insurance for $15 a month even.
Here’s what he told the Economist when interviewed by them:
“The state governments are in much better position to, you know, help people. In terms of, you know, just the size, the mere size of it. But we’re putting in $8bn and you’re going to have absolute coverage. You’re going to have absolute guaranteed coverage. You’re going to have it if you’re a person going in…don’t forget, this was not supposed to be the way insurance works. 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.”
The comment was equally laughable then, and it’s equally laughable now. It even prompted Mother Jones to ask if Trump knew the difference between health insurance and life insurance. As you know, life insurance at those rates is more plausible.