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Tanuki

(16,450 posts)
4. Ezra Klein discusses this
Tue Jun 27, 2017, 01:43 PM
Jun 2017
https://www.vox.com/health-care/2017/6/26/15876778/cbo-senate-health-bill-gop
...."On page 27 of the report, CBO offers an illustrative example. Imagine, they say, a person who makes 75 percent of the poverty line and is currently on Medicaid. The deductible would be more than half their annual income. They would be paying for health insurance that they would destroy them financially if they tried to use it.

So here is what the CBO is saying: The BCRA’s subsidies are too small to make the silver plans affordable for low-income people, and the plans it is trying to make affordable — the ones that cover 58 percent of expected costs — carry such high deductibles that low-income Americans won’t buy them because they won’t be able to afford to use them.

This, then, is what the BRCA actually does: It makes health insurance unaffordable for poor people in order to finance a massive tax cut for rich people.
........
The increase in uninsurance under the BCRA “would be disproportionately larger among older people with lower income—particularly people between 50 and 64 years old with income of less than 200 percent of the federal poverty level.” A lot of the people in that demographic are Republican voters.
Congressional Republicans are leaning hard on the idea that their plan brings down premiums, but it actually doesn’t. “Under this legislation, the net premium for a plan with an actuarial value of 58 percent would be smaller for younger people and larger for older people, but the net premium for a plan with an actuarial value of 70 percent would be larger for people of any age,” CBO says. In other words, premiums on decent insurance are higher for everyone, and premiums on high-deductible plans are a bit lower for the young at the cost of making them higher for the old."

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