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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCBO: Republican health care bill raises premiums for older, poor Americans by more than 750%
http://www.vox.com/policy-and-politics/2017/3/13/14914596/ahca-cbo-premiums-ageCBO: Republican health care bill raises premiums for older, poor Americans by more than 750%
The American Health Care Act would make a low-income 64-year-old in the individual market pay more than half his income for health insurance.
Updated by German Lopez@germanrlopezgerman.lopez@vox.com Mar 13, 2017, 5:24pm EDT
The Republican-backed American Health Care Act would be totally devastating to older Americans who rely on the individual market for insurance, according to an analysis by the Congressional Budget Office (CBO).
The bill does bring down overall premiums in the individual market by about 10 percent by 2026 compared with what they would be under current law, the CBO found. But the CBO includes a big caveat: This would greatly differ based on age and income.
The CBO offers an example of a single individual with an annual income of $26,500.
If that person is 21 years old, hell largely benefit from the Republican health care bill. Under the Affordable Care Act (also known as Obamacare), he would on average pay $1,700 in premiums for insurance. Under the Republican plan, he would pay $1,450.
But if that person is 64 years old, he would be hurt by the Republican bill. Under Obamacare, he would also pay $1,700 in premiums for insurance. But under the Republican bill, he would pay $14,600 more than half his annual income. That amounts to more than a 750 percent increase in premiums from Obamacare to the Republican bill.
A 64-year-old whos making $68,200 a year would fare a bit better. Under Obamacare, hes expected to pay $15,300 in premiums for insurance because his income would be too high to receive the laws tax credits. But under the Republican bill, everyone below $75,000 gets a tax credit based on age (with a phaseout for higher incomes). So he would get a subsidy that would reduce his premium to $14,600 just barely enough to be lower than it would be under Obamacare.
Heres how all of that looks in chart form:
Chart @ link. I don't know how to post it.
A chart of premiums under Obamacare and AHCA. Congressional Budget Office
more...
http://www.vox.com/policy-and-politics/2017/3/13/14914596/ahca-cbo-premiums-age
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CBO: Republican health care bill raises premiums for older, poor Americans by more than 750% (Original Post)
babylonsister
Mar 2017
OP
Guilded Lilly
(5,591 posts)1. Bastards. Souless, despicable bastards. Every.Single.One
vlyons
(10,252 posts)2. Here's the chart
https://cdn0.vox-cdn.com/thumbor/5FtlrWNvg6bzUds7C5QhuUdkJZE=/1000x0/filters:no_upscale()/cdn0.vox-cdn.com/uploads/chorus_asset/file/8151187/premiums_AHCA_vs_Obamacare.png
babylonsister
(171,079 posts)5. Ha! I got that far but wanted to post it. But thanks! nt
Barack_America
(28,876 posts)3. America! See what the GOP wants for you!
And remember, many in the GOP are complaining that this bill doesn't go far enough!
babylonsister
(171,079 posts)6. THAT blows my mind; how much worse could it be? nt
sarah FAILIN
(2,857 posts)4. This just makes me sad.
Save money by not insuring those that need healthcare the most. Let the elderly die with no care.
babylonsister
(171,079 posts)8. It makes me furious; I AM the elderly now. nt
Lucinda
(31,170 posts)7. KNR
dalton99a
(81,565 posts)9. It is the GOP's final solution - a plan for mass murder of poor Americans.