13 Things the Trump Administration Has Done for Young People in Its First 100 Days

By: Colin Seeberger

President Trump ran for office promising to make health care better and more affordable, college debt less of a burden, and help more people find jobs. But the President’s first 100 days in office have done little to set Millennials on a path to prosperity and outright threatened their well-being. This is just a snapshot of how some of the Trump Administration’s actions during its first 100 days will impact our generation’s financial security.

On Health Care:
1) Supported the American Health Care Act that would cause the young adult uninsurance rate to nearly double. (Source)
2) Empowered states to defund Planned Parenthood, which provides care to millions of young people every year, by denying them access to Title X funding. (Source)
3) Threatened to withhold financial assistance to reduce out-of-pocket health care costs for low-income individuals. (Source)
4) Supported eliminating coverage benefits for common health needs like maternity care, substance abuse treatment, and more. (Source)
5) Backed a Millennial Penalty that would allow insurance companies to charge as many as 1 in 3 young adults 30 percent more for their health insurance if they experience a lapse in coverage for 63 days. (Source)
6) Released a rule that will make it harder to get and stay covered — by limiting the length of Open Enrollment, making it harder to verify Special Enrollment eligibility, lessening the actuarial value of health plans (which could lead to less financial assistance for Marketplace shoppers), and requiring enrollees to payback any premium debt before renewing enrollment eligibility. (Source)

On Higher Education:
7) Proposed $5.2 billion in cuts to the Pell Grant program, which helps low- and middle-income college students pay for college, for Fiscal Years 2017 and 2018. (Source)
8) Overturned protections for student loan borrowers, exposing distressed borrowers to fees as high as 16 percent of their loan balance. (Source)
9) Instructed the Department of Education to loosen rules on vetting companies who collect federal student loan payments, despite the Consumer Financial Protection Bureau findings that many of these companies are taking advantage of borrowers. (Source)
10) Proposed eliminating $732 million cut to the Federal Supplemental Educational Opportunity Grant, which would eliminate awards for 1.5 million students who demonstrate the greatest financial need. The Administration also proposed making “significant cuts” to the Federal Work Study program, which provides nearly 700,000 students financial help in exchange for working their way through college. (Source)
11) Proposed major cuts to TRIO and GEAR UP, which help nearly 800,000 low-income students navigate the college selection process, stay enrolled, and complete their degrees. (Source)

On Workforce & Finances:
12) Proposed eliminating Job Corps centers that provide career training for low-income 16- to 24-year-olds. (Source)
13) Proposed gutting funding for the Workforce Innovation and Opportunity Act’s job training and employment support services. (Source)

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Up to One in Three Young Adults Could Get Hit by AHCA Continuous Coverage Penalty

FOR IMMEDIATE RELEASE:

March 15, 2017

Contact: Sarah Schultz, sarah.schultz@younginvincibles.org, 202.734.6510

New Analysis Finds Up to One in Three Young Adults Could Get Hit by Continuous Coverage Penalty

Young Adults are About 70 Percent More Likely to Trigger Penalty Than Older Adults Under 65

[WASHINGTON]–On the heels of the release of the American Health Care Act, Young Invincibles released a new analysis on one of the bill’s most controversial provisions, the continuous coverage requirement that penalizes individuals who experience a gap in coverage exceeding 63 days. This new analysis finds that the requirement, or Millennial Penalty, would disproportionately burden young adults, ultimately spoiling the risk pool and inflating premiums for everyone.

Jen Mishory, executive director of Young Invincibles, released the following statement on the new analysis:

“The Millennial Penalty works directly against any stated attempts to bring down costs and increase coverage by punishing primarily young consumers for brief, common lapses in coverage. As many as one-third of young adults experience gaps in coverage over the course of the year. Cutting Medicaid and subsidies for low-income consumers already reduces coverage options for young people; the Millennial Penalty, or continuous coverage penalty, would cut young adult coverage further, while hiking up prices by discouraging the healthiest consumers from enrolling.”

Key findings in the new analysis include:

  • As many as one-third of young consumers experience a gap in coverage over the course of a year, which could force them to pay higher premiums because of the 30 percent surcharge.
  • Young adults, are about 70 percent more likely to face the surcharge than older generations
  • The surcharge will make healthy consumers – especially cost-sensitive young adults – far less likely to enroll, ultimately harming the risk pool and increasing premiums.

Click here to read the full analysis.

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