Thursday, June 22, 2017

See the Repugnantan wealthcare bill

This link both summarizes what's in it and provides an enclosed copy of the Bill so far released. Some of the details:

  • What's in the bill: Obamacare's Medicaid expansion, which extended the program to those making 100% to 138% of the federal poverty limit, would be phased out over four years. 90% of the current federal funding would be provided in 2020 and it would decrease by 5% each year until 2023, after which it would be eliminated. People would not be allowed to join the expansion from 2020 onwards. The tax credits will be available to people that fall off the expansion.
  • What it means: While this would save the federal government money, it also means the millions of people that have gained access to Medicaid would be rolled off. These people would be able to fall back on the less generous tax credit and access coverage through the individual insurance market. 

  • What's in the bill: The Senate bill retains the House's per capita cap for federal Medicaid spending. After 2025, however, growth in spending would shift from the consumer price index for medical care to the CPI for all goods, a lower level of growth.
  • What it means: States would receive less funding each year from the federal government to help cover low-income Americans, and after 2025 the rate of growth would decline, leading to even deeper potential cuts for the program. 

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