Covid-19 Stimulus Bill Contains Biggest Change to Obamacare Since 2010

[TomCADem]

Elections matter despite Republican efforts to try to negate the results and prevent people from voting. Indeed, it is because elections matter that Republicans are engaging in such efforts.

https://www.msn.com/en-us/news/politics/covid-19-stimulus-bill-contains-biggest-change-to-obamacare-since-2010/ar-BB1epoyM?li=BBnb7Kz

The $1.9 trillion coronavirus relief bill under consideration by the House after passage by the Senate would increase subsidies to people who buy Affordable Care Act health plans, marking the biggest changes to the health law since its passage in 2010.

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The legislation would eliminate an income cap that limits who is eligible for ACA tax credits to reduce monthly insurance premiums. It would also limit the amount households pay to only 8.5% of their income on healthcare, and it would boost subsidies to lower-income consumers.

With the increased subsidies, costs would come down for many who buy ACA-compliant plans. For a 60-year-old with a $55,000 income, premiums would drop by around 50% to 80% depending on the plan, according to a Kaiser Family Foundation analysis.

The subsidy boost for the ACA plans has been a long-held goal of Democrats who say expanding the tax credits would allow more people to benefit from the coverage.

[Ohiogal]

1. I wonder how long before

the subsidy boost is enacted. My ACA plan monthly premiums went up 23% from the previous year.

[BigmanPigman]

4. Mine did too.

It has been increasing ever since the Former Guy was in the W House. My taxes have increased each year and I am barely above poverty level in CA. My ACA tax credits have dwindled and the price of my plan have gone up, up, up and my options regarding health care have been severely limited.

[leftstreet]

2. What percentage of the population buy these plans?

Most people are covered through employers, Medicare, or Medicaid

[mobeau69]

3. What difference does that make?

[leftstreet]

5. just wondered n/t

[kysrsoze]

6. A lot of people can only get awful, high deductible plans

This would be real care coverage.

[Ohiogal]

8. Well ...

Stay-at home moms
Caregivers
Part time workers
Working poor who don’t qualify for Medicaid and whose employers do not offer health insurance
Retired (forced to retire or otherwise) folks under 65
Gig workers like Uber drivers

Just to name a few....

[Tribetime]

9. What about the self-employed people who have pre-existing conditions like cancer

[Withywindle]

10. According to Kaiser, 49% of the US gets health insurance through employers

Less than half. Medicare and Medicaid have strict requirements to meet

So basically everyone in that 51% who falls in the gaps.

I have an ACA plan with costs reduced by Medicaid expansion in my state. I wouldn't be able to afford it otherwise. I'm a freelancer and I work two part-time hourly jobs.

[JCMach1]

13. Employer plans these days are typically high deductible rubbish

[Hermit-The-Prog]

12. Why should anyone have to be dependent on an employer for health care?

[leftstreet]

14. They shouldn't n/t

[Grins]

15. Why should any company have to provide it?

They should concentrate on their core business.

It started as a burden imposed on themselves at the end of WWII when, because of a freeze on wages during the war, employers incentivized employees with something they could provide - health care. And once offered and accepted - good luck getting rid of it.

It is now a cost companies have to pay, built into the price of every product they make, a cost their foreign competitors DON’T have because they have - universal health care!

And we’re stuck with it. Unless we get serious about health care.

[WarGamer]

11. THAT'S... good governance that will reward us in 22-24.