Seniors Beware!
As we count down to the swearing in day many of use especially seniors are apprehensive about the future of our health care.
Let’s look at what has been amusingly termed as “Trumpcare” (I guess they are jealous of the term of Obamacare)….these are only possibilities, nothing written in stone at this time….
The Affordable Care Act (ACA), widely known as Obamacare, has shaped the American healthcare landscape for over a decade. Despite attempts to repeal it, the ACA remains intact, though there is ongoing debate.
In 2017, Republicans proposed the American Healthcare Act (AHCA), dubbed Trumpcare, as a replacement. Although it didn’t pass, its provisions highlighted financial shifts that could significantly affect coverage and costs.
Here’s a look at how Trumpcare’s proposals compare to Obamacare and what these changes could mean for healthcare in America.
1. Trumpcare Proposed Rolling Back Medicaid Expansion
Trumpcare aimed to roll back Medicaid expansion introduced under Obamacare, which extended coverage to individuals earning up to 138% of the federal poverty level (FPL). Instead of federal funding, Trumpcare proposed block grants for states to manage Medicaid programs.
If this shift is proposed again, it might lead to funding cuts, particularly in Southern states that opted out of expansion. Millions of low-income individuals could face reduced access to affordable healthcare.
2. Trumpcare Planned Changes to Subsidies
The Trumpcare policy proposal retained financial subsidies but changed how they were calculated, focusing on age rather than income and family size, as seen under Obamacare. If this approach is implemented in the next years, assistance for older Americans with lower incomes could be reduced.
Additionally, enhanced ACA subsidies enacted under the Biden administration are set to expire in 2025. Without congressional action, premiums could double, impacting states like Georgia, Mississippi, South Carolina, Tennessee and Texas, where enrollment surged in recent years.
There is so much more—
https://www.moneytalksnews.com/slideshows/ways-trumpcare-could-redefine-your-healthcare-costs/
That’s right those that his staunchest supporters will be hurt the most if these plans go into operation…..
- More uninsured Americans
The elimination of the individual mandate is projected to produce 24 million more uninsured Americans by 2026.3 - Potential waivers of essential benefits
Obamacare requires every state to provide coverage for a list of “essential benefits” such as maternity care or mental health care. Under Trumpcare, states could obtain a waiver to be excluded from these requirements and can instead draft their own set of essential benefits. - Higher potential costs for people with preexisting conditions
As mentioned above, subsidies could be offered to some people with preexisting conditions. But these subsidies will be countered by the fact that states will be able to obtain waivers allowing insurance companies to charge higher premiums for people with preexisting conditions who experienced a lapse in coverage. - Potentially higher premiums for older adults
Under current law, insurance companies may charge an older adult up to three times as much as they would charge a younger person for the same plan. Trumpcare is projected to increase that limit to five times as much as a younger person. - A rollback of Medicaid expansion
Obamacare installed funds for states to expand Medicaid, but Trumpcare would cut that funding.
I hope the ignorant among us are happy with their stupidity.
I Read, I Write, You Know
“lego ergo scribo”