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Sunday, February 8, 2015

The Republican Replacement for Obamacare?


So, after years and years of complaining and criticizing and 56 votes against it in Congress, the Republican Party has finally, finally come up with what they say is their replacement for Obamacare. And it's a beaut:


From the article:

Congressman Fred Upton, R-St. Joseph, is among the authors of a Republican plan released this week to replace the Affordable Care Act.
The plan would abolish the federal Health Insurance Marketplace and the expansion of Medicaid. In its place, Americans with an income of up to 300 percent of the poverty guidelines would receive tax credits to purchase insurance on the private market.
The federal mandate to purchase insurance would be abolished. Insurers would be required to insure people with pre-existing conditions, but only if they haven't let their coverage lapse. 
The plan would still allow young adults to stay on their parents' health care plan until age 26, but states could "choose to opt out of this provision."
In another change from the ACA, insurers would be allowed to charged older customers up to five times more for premiums compared to young adults, who are typically healthier and less expensive to insure. The ACA limits the cost differential to three times more.
The plan also would eliminate the types of medical services mandates in the ACA, allowing Americans more flexibility in purchasing plans that provide minimal coverage.
Overall, it appears the proposal would reduce the government costs compared to the ACA, but increase costs for some individual consumers and insure fewer people.
So it's a total "give" back to the health care insurance companies.
All these former, existing benefits of Obamacare for the people go away.
And the Republicans are for the people.
Yeah, right.


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