This is the third in a series of posts examining various components of the Republican replacement plans for the Affordable Care Act (ACA).
Republicans Plan to Shred the Affordable Care Act
It’s here. The Republican plan to replace the Affordable Care Act. Bottom line assessment? If you like the health insurance you have today you can say goodbye to it tomorrow, particularly if that insurance comes thanks to expanded Medicaid programs or a federal subsidy.
Here are the just a few of the highlights of the two proposed bills:
1. Scraps the individual mandate; adds a penalty.
Currently, all Americans are required to have some kind of health insurance or pay a penalty. This ensures that healthy people buy into the system to help offset the costs of sick people, a requirement if you also mandate that insurers cover those with pre-existing conditions without jacking up the price of the insurance.
Under the new plan, you don’t have to have insurance. But if you don’t, and then you try to buy it, the insurer can charge you a 30 percent … Continue Reading