A Quick Rundown on Trumpcare

The information is provided by Jordie Davies of the Black Youth Project:

1. The AHCA phases out Medicaid expansion provided under the ACA.

In a move to spend fewer government funds on medical care for the most vulnerable, the AHCA plans to cap Medicaid matching, purging 4 to 6 million people from eligibility. This means the 11 million people who became eligible for health insurance under the ACA may no longer be eligible for coverage, so long as states are able to individually dictate who is and is not eligible for Medicaid. Under the ACA the federal government fully funded Medicaid with the intention to drop off at 90% of coverage in 2020.

“Trumpcare,” however, will end Medicaid expansion in 2020, and people who were not previously eligible for Medicaid (those with incomes less than 138% of the poverty line) will once again, be left without affordable health insurance.

2. Wealthier people benefit.

The AHCA benefits wealthier people because it provides flat tax credits as incentives to getting coverage–the ACA provides higher credits for people with lower incomes and none for those at the highest income brackets. Those low-income Americans who depend on tax credits and subsidies to afford their care will lose some of the benefits they’ve gained under the ACA, making health care coverage cheaper for the government, but less generous for those at the bottom.

In addition, the AHCA allows people to contribute more to a tax free health savings account, where previously the cap was $3,400 for an individual and $6750 for a family. The AHCA allows an individual to save $6,550 tax free and a family $13,100 tax free. This is a great addition…if a person or family has money to save in the first place.

3. More Freedom for the Insurance Companies

The AHCA does not repeal some of the very popular aspects of the ACA, where children are able to stay on their parents insurance until they are 26, or where insurance companies are not able to charge more or refuse coverage for people with pre-existing conditions. However, the bill does allow insurance companies to charge, according to the New York Times, older customers up to five times as much as younger ones.

For more context on this issue, the New York Times has an article that helps explain it further. If you know more about the GOP’s healthcare plan or have any other articles or videos that further explain it, please put them in the comment section.

Advertisements

4 thoughts on “A Quick Rundown on Trumpcare

  1. We have an upcoming provincial election coming up in 2018. One of the parties is promising free medications. I feel sorry for you Yanks in this regard. Free health care is a right!

  2. If that isn’t evil, I don’t know what is. To take medicaid from 24..or more million from vulnerable and no vulnerable is so cold. I compare it to someone in a CCU unit and snatching their lifelines from them watching them die and there the House house celebrating with beer..celebrating the recipients early deaths. They don’r care, the ACHA is suppose to make it where they will be getting their healthcare. Even before any healthcare act came out, presidents and Congress always received superior healthcare.

    As disgusting as members of the House supporting ruining the lives of many, maybe there is beauty under the beast. France sent Marine Pen packing and Holland did the same several months ago. Other than Brexit , it seems that people want to reject Trump like approaches in handling issues. Who knows, these could be signs of positive change to come for 2018..or earlier.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s