Wednesday, 22 March 2017

Wonkbook: The only Obamacare replacement that will work is Obamacare

By Matt O'Brien It took Republicans seven years to decide on an Obamacare replacement, but only a little more than seven days to decide that they needed to replace parts of that with something that wouldn't hurt their voters quite so much. If they're serious about fixing their plan, though, there's already one that does …
 
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In this Nov. 10, 2016, photo, President-elect Donald Trump and House Speaker Paul Ryan of Wis., pose for photographers after a meeting in the Speaker's office on Capitol Hill in Washington. Washington's new power trio consists of a bombastic billionaire, a telegenic policy wonk, and a taciturn political tactician. How well they can get along will help determine what gets done over the next four years, and whether the new president's agenda founders or succeeds. (AP Photo/Alex Brandon)

President Trump and Speaker of the House Paul D. Ryan (Alex Brandon/AP)

By Matt O'Brien

It took Republicans seven years to decide on an Obamacare replacement, but only a little more than seven days to decide that they needed to replace parts of that with something that wouldn't hurt their voters quite so much.

If they're serious about fixing their plan, though, there's already one that does just that. It's called, well, Obamacare. And it's the only "replacement" option that would work.

Now, from the Republican point-of-view, one of the biggest stumbling blocks with their own plan is that it would make a lot of the blue-collar 50- and 60-somethings who propelled Trump to the presidency lose their health insurance. That's because the GOP proposal would let insurers charge older people 67 percent more than they can now at the same time that it would cut the subsidies many of those people receive. How much of a difference would this make? Well, according to the nonpartisan Congressional Budget Office, a 64 year-old making $26,500 would see after-subsidy premiums go from $1,700 under Obamacare to $14,600 under Trumpcare. Which is why Republicans hinted they would add an $85 billion magic asterisk — basically a plan to have a plan — supposedly to make coverage more affordable for low-income people nearing retirement.

There are only two problems.

Read the rest on Wonkblog.


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