Penelope
Diamond Member
- Jul 15, 2014
- 60,265
- 15,790
- 2,210
Price actually lays out how much people would receive. The credits would be adjusted by age, ranging from $1,200 for those age 18 to 35 to $3,000 for those age 50 and up.
This provision would help enrollees who make too much to receive Obamacare's federal subsidies. Middle class Americans -- a single person earning more than $47,520 or a family of four with an income of at least $97,200 -- have complained about the high cost of unsubsidized Obamacare premiums.
Under Obamacare, lower-income enrollees receive subsidies that can lower the cost of coverage to just under 10% of their annual income.
Obamacare's subsidies are much more generous for those who qualify. Take a 27-year-old with an income of $25,000 a year. He can receive an average of $1,920 in subsidies to pay for the benchmark Obamacare plan, which will cost an average of $3,624 in 2017, according to federal data. But under Price's plan, he'd only receive $1,200 to offset the price.
Likewise, a family of four earning $60,000 would receive $8,232 in Obamacare subsidies, on average, to pay for a benchmark plan costing an average of $13,080. That family would receive only $6,000 under Price's plan, assuming there are two parents between the ages of 35 and 50 and two children under the age of 18.
Another way Price's plan would hurt the poor is the elimination of Medicaid expansion that would accompany a repeal of Obamacare. Ryan and Trump have said they would maintain some protection of low-income adults, but Price doesn't mention any substitute.
Older Americans would also likely see their premiums rise under Price's plan. Obamacare restricts insurers from charging older enrollees more than three times what they charge the young. But Price's plan eliminates that rule. While Americans older than 50 would receive larger tax credits than younger folks, it would likely not cover the same share of the deductible.
How Tom Price, Trump's health secretary pick, would replace Obamacare
This will never work, you know I have watched premiums skyrocket since Bush in 2001. Taking away Medicaid expansion, so as in Texas a family of 3 would need to make over 8 grand a year to receive help, and also no adults without children would qualify. They have taken away Planned Parenthood,
so let me ask you , do you want to see dying people laying around all over.
First they take ones job, or only let employees work enough hours not to qualify for bennies, then they take away health insurance.
Heres another issue, I know my husbands parents did not make enough, and we helped support them,
Guess what you young adults when they mess with seniors and disabled they will need your help as well, yes help to buy them food, help to replace their furnaces, they may even have to live with you.
This provision would help enrollees who make too much to receive Obamacare's federal subsidies. Middle class Americans -- a single person earning more than $47,520 or a family of four with an income of at least $97,200 -- have complained about the high cost of unsubsidized Obamacare premiums.
Under Obamacare, lower-income enrollees receive subsidies that can lower the cost of coverage to just under 10% of their annual income.
Obamacare's subsidies are much more generous for those who qualify. Take a 27-year-old with an income of $25,000 a year. He can receive an average of $1,920 in subsidies to pay for the benchmark Obamacare plan, which will cost an average of $3,624 in 2017, according to federal data. But under Price's plan, he'd only receive $1,200 to offset the price.
Likewise, a family of four earning $60,000 would receive $8,232 in Obamacare subsidies, on average, to pay for a benchmark plan costing an average of $13,080. That family would receive only $6,000 under Price's plan, assuming there are two parents between the ages of 35 and 50 and two children under the age of 18.
Another way Price's plan would hurt the poor is the elimination of Medicaid expansion that would accompany a repeal of Obamacare. Ryan and Trump have said they would maintain some protection of low-income adults, but Price doesn't mention any substitute.
Older Americans would also likely see their premiums rise under Price's plan. Obamacare restricts insurers from charging older enrollees more than three times what they charge the young. But Price's plan eliminates that rule. While Americans older than 50 would receive larger tax credits than younger folks, it would likely not cover the same share of the deductible.
How Tom Price, Trump's health secretary pick, would replace Obamacare
This will never work, you know I have watched premiums skyrocket since Bush in 2001. Taking away Medicaid expansion, so as in Texas a family of 3 would need to make over 8 grand a year to receive help, and also no adults without children would qualify. They have taken away Planned Parenthood,
so let me ask you , do you want to see dying people laying around all over.
First they take ones job, or only let employees work enough hours not to qualify for bennies, then they take away health insurance.
Heres another issue, I know my husbands parents did not make enough, and we helped support them,
Guess what you young adults when they mess with seniors and disabled they will need your help as well, yes help to buy them food, help to replace their furnaces, they may even have to live with you.