Republicans' Health-Care Plan: Not Much Care, Not Much Plan
By
Editorial Board
Republicans’ long-promised health-care plan has arrived -- though it’s light on the health care and offers too little detail to tell whether it’s a realistic plan.
Many aspects of House Speaker Paul Ryan’s proposal are clear: It would permit health insurers to cover far fewer services than they have to cover under Obamacare, and it would reduce federal subsidies for buying insurance, pare protections for people with pre-existing conditions, roll back funding for Medicaid, and convert Medicare to a voucher-type program. Ryan hasn’t said what this would cost, or how many people would end up with insurance -- perhaps because that number would be far smaller than it is under Obamacare.
The question is: What problem is the plan meant to solve? Before Obamacare took effect six years ago, Republicans questioned whether it would meaningfully expand insurance coverage and warned of soaring health-care costs. Employers might stop providing insurance to their workers, they said, the labor participation rate might plummet, and the federal deficit might soar. No one knew how many people would buy insurance on the new state exchanges, or how they would like their coverage.
But these problems never materialized. The share of Americans without insurance has dropped to 9 percent, from 15 percent in 2011. Health-care spending from 2015 to 2019 now looks to be $2.6 trillion lower than projected when the Affordable Care Act was signed. The share of working-age adults in the workforce has risen. The federal deficit has shrunk. The number of people with employer-based coverage remains stable. More than 12 million people have enrolled in Obamacare plans, and two-thirds of them say they’re happy with the coverage.
more...
http://www.bloomberg.com/view/articles/2016-06-28/republicans-health-care-plan-not-much-care-not-much-plan
= new reply since forum marked as read
