Martha Brawley of Monroe, N.C., a 55  year old first time voter, said she voted for President Trump in the hope he could make insurance more affordable. But on Tuesday, Ms. Brawley, was feeling increasingly nervous based on what she had heard about the new plan from television news reports.

She pays about $260 per month for a Blue Cross plan and receives a subsidy of $724 per month to cover the rest of her premium. Under the House plan, she would receive $3,500 a year in tax credits — $5,188 less than she gets under the Affordable Care Act.


Millions Risk Losing Health Insurance in Republican Plan, Analysts Say





WASHINGTON — Millions of people who get private health coverage through the Affordable Care Act would be at risk of losing it under the replacement legislation proposed by House Republicans, analysts said Tuesday, with Americans in their 50s and 60s especially likely to find coverage unaffordable.

Starting in 2020, the plan would do away with the current system of providing premium subsidies based on people’s income and the cost of insurance where they live. Instead, it would provide tax credits of $2,000 to $4,000 per year based on their age.

But the credits would not cover nearly as much of the cost of premiums as the current subsidies do, at least for the type of comprehensive coverage that the Affordable Care Act requires, analysts said. For many people, that could mean the difference between keeping coverage under the new system and having to give it up.

“The central issue is the tax credits are not going to be sufficient,” said Dr. J. Mario Molina, the chief executive of Molina Healthcare, an insurer that offers coverage through the Affordable Care Act marketplaces in California, Florida and several other states.

Continued at:
https://www.nytimes.com/2017/03/07/health/risk-of-losing-health-insurance-in-republican-plan.html

 

Last edited by Goose (3/12/2017 7:14 am)