http://money.cnn.com/2017/03/13/news/economy/cbo-premiums-republican-health-care-plan/index.html?iid=hp-stack-dom
The republicans proposal to replace Obamacare has faced harsh criticism and rightfully so. The GOP's health care act would potentially raise the premium for a 64 year old by around 25%. Refundable tax credits will not be as generous as they were under Obamacare and this could lead to older people feeling a significant economic difference.
It was estimated that a 64 year old making around $25,000 a year would pay $1,400 under Obamacare, but this number would spike to $14,000 under the new proposed bill. People believe that by 2019, these premiums will start to decline and by 2026, would be 10% lower than they are under the current system. It is believed that these numbers are misleading as they will lower the cost for younger folk, but would significantly effect older Americans. This new proposed healthcare would benefit people that do not qualify for Obamacare (earning $64,000+) as it would lower the premium from $14,600 to $13,500. Lastly, it will be interesting to see the effects of the proposed bill in the long run and whether or not it has a significant positive or negative impact on the economy.
3 comments:
The process of the new health bill for replacing Obamacare will take place in multiple steps and, in my opinion, it is not going to happen. Because the American people don't want to see such a big increase from $1400 to $140000, which might not be affordable for a large group of people.
It will be interesting to see how Trump handles this. I believe that Trump should not completely eliminate Obamacare, but edit the system that has its flaws. I agree with Xiaoshu that if Trumps proposal results in an increase of that much, it will likely not happen. An increase of that amount would not be popular and is unreasonable.
I agree with above statements. They should just switch up obamacare to make it better because throwing it out the door to create a new system will take longer and cost more money. I don't think the price increase will go over very well with the people and they definitely won't like that dramatic of a price increase. It will be interesting to see how this all plays out.
Post a Comment