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Wealthy Gain Under Health Care Bill, Growing Number Of Uninsured In Limbo

June 23, 2017

The breakdowns in the win and loss columns are being printed today across the nation regarding the Senate version of the health care bill which was released yesterday.  There is much to digest but two things are clear.

The massive tax cut for the wealthy comes as a direct result of cuts made to health care in the nation.  The second item to note is the growing pool, once again, of those who would be uninsured and place great strains on the medical institutions in the land.

The 9 percent who are uninsured:

The fate of this group is the question looming over the Senate as it prepares for a report from the Congressional Budget Office, which will assess the bill’s impact. As with the House bill, the number of uninsured will likely be projected to grow under the Senate bill. Some could join the ranks of the uninsured by choice if the individual requirement to buy insurance were to go away. But others would be priced out of the market. A pending report from the CBO, due by early next week, will help clarify who might be uninsured under the Senate bill. But there would likely be an increase among at least three groups: 1. low-income people who currently qualify for Medicaid but would be cut from the program, 2. older adults, because insurers would be allowed to charge them higher premiums under the Senate bill than they can under current law, and 3. young and healthy adults who might have less incentive to buy insurance in the absence of the individual mandate. It would likely also include a swath of middle-income adults who are already uninsured, those who receive little in the way of help to buy insurance but still face relatively high premiums.

The country as a whole:

There would be “winners” and “losers,” as there are with every health care policy. The details matter, and policy wonks will surely begin to shake out their effects on the insurance market over the next few days. But the main outcomes are clear. The wealthiest people would get a large tax cut. The poorest would be the most likely to lose their insurance. The cost of insurance would go down for some, particularly younger adults. For middle-income, older adults who aren’t yet eligible for Medicare, premiums would go up. But, as with the ACA, the bill would do little to curb overall spending on health insurance, which means someone will be stuck with the bill. The Affordable Care Act was a redistribution of wealth that took money from the highest earners and used it to pay for coverage for the poorest. The government also foots a larger share of the bill. Under the GOP Senate bill, many of those costs would revert to individuals with low incomes.

One Comment leave one →
  1. June 23, 2017 1:55 PM

    Once again, the GOP stabs the nation in the back. Hell of a thing to do to “get” Obama.

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