Tuesday, 21 November, 2017

Trump's Budget Director: Health Care Bill Would Curtail Health Care Costs

Trump's Budget Director: Health Care Bill Would Curtail Health Care Costs Trump's Budget Director: Health Care Bill Would Curtail Health Care Costs
Kristopher Nichols | 27 May, 2017, 09:17

The latest CBO analysis came after House Republicans made changes to the bill earlier this month to try to ensure that people with pre-existing medical conditions can still get insurance.

You might say, with only a bit of hyperbole, that workers in America, supposedly the land of the free, are actually creeping along the road to serfdom, yoked to corporate employers the way Russian peasants were once tied to their masters' land. "Millions of Americans will become uninsured-with low-income families on Medicaid being hit the hardest", the statement said.

Replacing the Affordable Care Act, commonly known as Obamacare, was a priority of Donald Trump during his presidential campaign, and of Republican lawmakers since its enactment in 2010.

According to the CBO, the current Obamacare system would result in "sufficient demand for insurance by enough people, including people with low health care expenditures, for the market to be stable in most areas".

-In states that choose to ditch some Obamacare regulations, premiums would go down significantly compared with current law. For someone aged 64 who earns a modest $26,500 a year, rates could soar from $1,700 to $13,600 by 2026.

Under the AHCA, 23 million people will lose their health insurance over the next ten years. Federal spending reductions for Medicaid would result from installing a per-capita cap on federal funding for the program for some enrollees and a block grant for others seeking coverage. The CBO has finished their evaluation of the new bill and found that it still will cost 23 million people their health care coverage.

The analysis said the House bill would reduce federal deficits by $119 billion over the next decade. Kevin Brady, R-Texas, the chairman of the House Ways and Means Committee.

Carrying signs and chanting in opposition to the AHCA, Representatives from Planned Parenthood Advocates of OH, the Human Rights Campaign, the Universal Health Care Action Network and about two dozen speakers and protesters gathered outside the Scripps Building on Walnut downtown where Portman has an office.

Going forward, the spokesman said, Stefanik and her colleagues will "continue to work with the Senate to improve this legislation", with the goal of lowering costs and increasing access to healthcare families in the North Country. This amendment may also allow states to define their own "essential health benefits", rather than comply with the list of 10 categories of mandatory health benefits (from prescription drugs to emergency services and maternity care) that all plans need to offer, as put in place by Obamacare. It figures that states making up about half the population would apply for a waiver of some sort, reducing the benefits that insurers in those state will offer. So, hey, good news for the 1,000,000 people who would've lost their health care coverage had the original bill passed! "Second, this is a bill that badly undermines health care for millions of Americans and Pennsylvanians. third, . the Senate must seek a full CBO analysis so that it does not pass a bill that harms far more people than it helps".

The agencies also estimate, however, that in 2018, 14 million more people would be uninsured under the AHCA than under the Patient Protection and Affordable Care Act (PPACA). Since 2013, the year before the law took full effect, individual premiums have almost doubled for the roughly 15% of consumers who make too much to qualify for government premium assistance, according to a recent analysis by eHealth (the vast majority who receive subsidies have largely been insulated from these increases).

However, the agencies estimate that approximately17% of the US population resides in areas in which the nongroup market would start to become unstable beginning in 2020.

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