Senate AHCA Version – Premium Increases and Subsidy Reductions
CBPP has this pictorial analysis of the increased premiums resulting from the Senate version of the AHCA for a 60 year old at 350% FPL with an ACA Silver plan. “For a 60-year-old with income of 350 percent of the poverty level (about $42 ,000 today) facing the average premium on HealthCare.gov, out-of-pocket premiums would jump by an estimated $4,994. Premiums would rise by $ 2,022 for a 45-year-old at this income level, and fall by $75 for a 30-year-old. Premiums would rise by $2,694 for a 60-year old with income of 300 percent of the poverty line, and by $1,903 for a 60-year old with income of 150 percent of the poverty line.”
The Senate AHCA Bill increases Premium Costs .
A sixty year old slightly above 350% FPL would face the loss of thousands of dollars in tax credits. Presently, the ACA covers up to 400% FPL and limits how much can be charged for age to 300%. The AHCA goes to 500% and reduces the subsidy coverage to 350% FPL.
Senate AHCA eliminates subsidies (difference between total cost of the plan and a percentage of income) for those between 350% and 400% FPL resulting in $thousand of dollars in cost for those in the Individuals Market. Tax-credit subsidies would cover only 58 percent of health care costs, rather than 70 percent as under current law a decrease in actuarial value. People in higher healthcare cost states would have to pay more as depicted in the CBPP chart.
Under either Republican Plan, higher premiums and deductibles would force people into lower level plans covering less at greater cost. Why do this and incite anger amongst constituents when you can just keep on doing what you have done in the past and undermine the ACA with blocking the Risk Corridor program and cut deductible subsidies by killing the CSR? I believe McConnell is thinking along these lines and can shift the blame of the resulting ACA failure to Dems. Dems would take the blame as no one would understand how it came to be and little would be explained by the press.
Senate Bill Still Cuts Tax Credits, Increases Premiums and Deductibles for Marketplace Consumers CBPP, Aviva Aron-Dine and Tara Straw, June 25, 2017
Nice synopsis of the thus far state of the Senate repeal and replace bill.
It has been my personal opinion though since the dominant GOP House passed umpty-ump bills to do anyting to show their far right constituents that they were “serious” about repealing the ACA, that the present GOP has never wanted to repeal and replace.;.. but just repeal.
The “replace” part of the phrase is propaganda. I think the reason for their absolute desire to repeal is based on historic facts in the U.S. Once a federal benefit is provided to the masses at the elite’s eventual wealth expense, and if the benefit lasts very long it becomes politically impossible to remove that benefit forever.
So the conservative branch of gov’t in it’s truest form realizes that unless they repeal it now (or put it on life-support to die a natural death) and as soon as politically feasible, it’s here to stay forever and in fact morph more toward a single payer system over time — just as the original SS bill has morphed over time and now even includes health care for the aged (Medicare).
The ACA is as close to a socialist form of gov’t the US has ever attained and thus the arch antithesis of an elitist wealth controlled gov’t system that keeps the system in the hands of the elitist wealth… which is, after all the other propaganda persuasions are dismissed, the only real constituency of the GOP.
Since the Great Recession and the resultant rise of the Tea Party… now invoked in the House as the “Freedom caucus” the traditional GOP has been largely overtaken by the libertarian wealth class… or more aptly described as an oligopoly incarnated as a so called “democracy”.
The GOP Senate must craft a bill that will pass the Freedom Caucus’ muster when sent back to the House for reconciliation or whatever the Senate passes otherwise will get ditched in the House and the whole round of trying to keep the Freedom Caucus happy while still getting enough votes from moderates starts all over again.
I would bet that every Trump supporter believes they deserve medical care. Have you met one who says, ‘I can’t afford it, therefore I should not have it’?