Under the Republican health care bill, a 64-year-old earning $26,500 would pay $14,600 for insurance -- half their annual income, and a more than a 750% increase in costs from the ACA. The GOP healthcare bill is a catastrophe for older Americans. Also with the cuts to Medicare/Medicaid the elderly will have to stay with family because those programs will no longer cover a stay in a Nursing home or Assistance Care Facility.
The House GOP health care plan also benefit younger Americans more than older Americans. Under the ACA, insurance companies can charge their oldest customers prices three times those of younger customers, but under this plan, insurance companies would be allowed to charge elderly Americans up to five times more than young people.
As a result, annual premiums would rise 22 percent for people between the ages 60 to 64 and people in their 50s would see a 13 percent in annual premiums, according to the AARP Public Policy Institute.
Under this plan, the tax credits are weighed by age and not income, so a 30-year-old would receive $2,000, and a 60-year-old would receive $4,000. But generally speaking, older and lower income Americans received larger tax credits under the ACA than its replacement, according to the Kaiser Family Foundation. Sixty-six percent of those enrolled in Healthcare.gov have incomes at or below 250 percent of poverty, or $31,250 for a single person in 2020, and 27 percent are 55 years old or older.
CBO: Republican health care bill raises premiums for older, poor Americans by more than 750% http://www.vox.com/policy-and-politics/2017/3/13/14914596/ahca-cbo-premiums-age?utm_campaign=vox&utm_content=entry&utm_medium=social&utm_source=twitter
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