Capital & Main: Surviving on $1,800 a Month in Social Security, She Died Looking for a Place to Live

[GoodRaisin]

47. Expect ACA subsidies to be severely cut to where the Exchange will no longer be affordable for

many older people buying insurance on the Health Care Exchange.

For an idea of what this means,

I had to retire early for health reasons at age 61 and had to go on the Health Care Exchange for insurance. It was during the Obama administration and at the time I received a monthly health care subsidy that covered all but $17/month of the ~ $1400/month premium.

Fast forward to 2017. The same health care plan would had cost me $910/month under the subsidy amounts proposed by the Republicans. (Fortunately I reached Medicare age that year.)

So, from $17/month to $910/month out of pocket increase. I figure that is probably the magnitude increases in monthly premiums that subsidy recipients in the age 60+ will likely be looking at if Republicans can get it included in a reconciliation bill. And that’s if they don’t get rid of the ACA altogether, driving everyone back to private insurance that doesn’t cover pre-existing conditions.