The current sword hanging over the Obamacare health insurance markets is the future of one of the subsidies in the system. It’s called cost-sharing reduction and it cushions lower-income people from out-of-pocket costs when they see a doctor.
In October 2017, Donald Trump announced that he will be ending the cost-sharing subsidies that the Obama administration made as part of the ACA. The purpose of these subsidies is to reduce the out of pocket expenses of enrollees who fall in the 100% to 250% of federal poverty level.
There is disagreement on the legality of these subsidies and the current ruling by the courts was that Congress did not specifically appropriate the subsidies and were not legal.
Experts predict that ending these subsidies will result in more insurers leaving the market and significant increases in premiums including those who are not enrolled in the ACA.
On Tuesday, Sen. Mitch McConnell (R-Ky.) canned a Senate vote on health care legislation drafted by Republican Sens. Lindsey Graham of South Carolina and Bill Cassidy of Louisiana.
The Republican talking point attempts to show that the estimate from the Congressional Budget Office is inaccurate. However, this talking point ignores a number of factors (including Republican efforts to obstruct enrollment in the exchanges) that led to the estimate being off.
Seeking to bat down the news in a Congressional Budget Office report about the Senate’s Better Care Reconciliation Act, President Donald Trump’s administration attempted to undermine the CBO’s credibility in a tweet.
The official White House account tweeted an image that said, “When Obamacare was signed into law, CBO estimated that 23 million people would be covered in Obamacare’s exchanges in 2017. They were off by more than 100 percent. Only 10.3 million people are covered by Obamacare.”
Claim: Republicans claim that the Affordable Care Act is in a death spiral.
Note: This is an update to the article: ACA Repeal and Replacement Bill.
On the evening of March 20, Paul Ryan released an amendment to the original American Healthcare Act legislation. The intent of these changes is to address concerns by both moderate and conservative Republican members of Congress. The following changes have been made.
Note: This article is an update to the article: ACA Repeal and Replacement Bill.
The Congressional Budget Office (CBO) released its assessment of the American Healthcare Act on March 13. This assessment represents a good faith estimate of the effects of the AHCA. The actual effects may be different due to a number of factors. According to the CBO, the ACHA will have the following effects.