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giftedviz.com May 25, 2017


Toomey says GOP striving for middle ground on Medicare expansion

19 May 2017, 10:05 | Marion Schneider

Toomey says GOP striving for middle ground on Medicare expansion

GOP Health Bill Penalizes Patients Who Let Insurance Lapse

Toomey said the Republican health care plan will likely place a cap on traditional Medicaid funding.

Nevertheless, we know the bill's key provisions. President Trump has said he might withhold the government payments as a bargaining chip for a new health bill.

That's not to say the Obamacare marketplaces aren't struggling. Under this legislation, insurance companies are prohibited from denying coverage on the basis of a pre-existing condition; they are banned from rescinding coverage based on a pre-existing condition; and prevented from raising premiums on individuals with pre-existing conditions who maintain continuous coverage.

These enrollees have pre-existing conditions that could leave them paying higher premiums if they let their coverage lapse for 63 days or more and live in states that opt to waive some of Obamacare's protections for those with pre-existing conditions. "Without a source of funding, such as taxes on people making multi-million dollar incomes, there is going to be a critical gap in costs that will either result in denial of service or financial chaos among providers", said Devine.

Age Rating or Age Tax is a tax on older Americans between 50-64. The American Health Care Act will stabilize our health-care system, ensuring our community has access to high quality, affordable health care.

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From what I can tell, the impact seems hardest for those at the bottom of the economic ladder.

Supporters of the GOP bill say people have a personal responsibility to keep steady health insurance coverage, and not to wait until they are sick to buy a policy. A 60-year-old with the same income would pay $8,040, or more than 40% of his or her annual income.

The bill's sponsor, Manhattan Democrat Richard Gottfried, said House Republicans' passage of the American Health Care Act makes it more important that the state Legislature act to preserve affordable health care. "Other insurance companies are pulling out", he said.

Supporters of the House legislation point out their bill simply returns health coverage to an insurance-based footing. An earlier analysis from the Foundation estimated that 27 percent of non-elderly adults have a condition that would have led to a coverage refusal in the pre-ACA market.

"Friends, there has been a lot of misinformation written about American Health Care Act". If so, the measure seems to be coming up short.



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