CBO: Republican health care bill raises premiums for older, poor Americans by more than 750%

[riversedge]

http://www.cnbc.com/2017/03/13/cbo-republican-health-care-bill-raises-premiums-for-older-poor-americans-by-more-than-750.html


https://twitter.com/StopTrump2020/status/

CBO: 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.

German Lopez

16 Hours Ago Vox




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).
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The Republican bill accomplishes all of this in two ways.

First, it abandons Obamacare's income-based tax credits (which give more money to people with lower incomes) to instead give anyone with an annual salary below $75,000 a tax credit based on age, with older people getting more money and a phaseout for higher incomes.

But it also peels back an Obamacare rule that protects older people from higher premiums. Under Obamacare, insurers are generally only allowed to charge an older person about three times what they would charge a younger person — under the theory that older people are often sicker and therefore need to use more insurance. But under the Republican bill, the limit of three times would go up to five times, effectively letting insurers charge older people 66 percent more than they would under Obamacare........................................

[riversedge]

1. More uninsured, increased cost for the elderly -takeaways from the CBO's analysis of the Republican

Stop Trump 🍷‏ @StopTrump2020 14h14 hours ago

More uninsured, increased cost for the elderly -takeaways from the CBO's analysis of the Republican health care plan

Link to tweet

[dalton99a]

2. The most vulnerable group of people will die first.

[disalitervisum]

3. Every small town (and big town) local media outlet and newspaper across the country

today is leading with "fake news" about the republican healthcare bill. Every one. Sad.

[ladjf]

4. They don't even bother to list what insurance will cost for a person over 80.