GOP tax-break plan will leave millions uninsured

The President argued that the House repeal bill, which has faced a rocky reception from both moderates and conservatives, will “finally bring down the cost of care” if it passes – but not immediately. They established what millions of Americans now view as entitlements. Meanwhile, Medicaid, a social welfare program providing low income earners with greater access to medical services, would be frozen in 2020. According to American’s Health Insurance Plans (AHIP), insurance companies pay about 18 percent of every dollar in overhead and have a 2.7 percent profit margin.

House Speaker Paul Ryan said Sunday he “can’t answer” the question of how many people will lose healthcare under the GOP’s plan to “repeal and replace” Obamacare.

“This is not the repeal bill that we’ve been waiting for for all these years”. Our intention is to also include assurances for guaranteed portability, guaranteed renewability and no lifetime caps on any health insurance policy.

Such predictions have anxious some Republicans, especially after Trump campaigned on the pledge to “take care of everybody”.

First, a little background. Though people are covered under Obamacare, Mulvaney argued on “This Week”, they can’t afford the care.

“What we’re trying to achieve here is bringing down the cost of care, bringing down the cost of insurance not through government mandates and monopolies but by having more choice and competition”, Ryan (R-Wis.), said on Sunday.

“In providing a fixed amount of federal funding per person, this approach to financing would likely result in overwhelming cost shifts to states, state taxpayers, and families unable to shoulder the costs of care without sufficient federal support”.

Health care reform legislation should define health insurance in such a way that the sole requirement for using the tax credit would be that the health insurance purchased provided at least a minimal level of coverage. Now they’ll be able to pick the plan they want.

The Republican plan would prompt those young, healthy people to bail out of insurance in droves. That’s what was supposed to get healthy people to sign up to help offset the cost of those with pre-existing conditions. Second, it would allow insurers to charge 30 percent higher premiums for people who let their coverage lapse.

“We need a system that works for people”, the former Georgia congressman said. Under the Speaker’s vision, people who want coverage should just buy it. Obviously there’s much more to be worked out here.

And all this when the many real facts about the ACA are good. I encourage those interested to read through it and share with me your thoughts, questions or concerns.