TRUMPCARE PROPOSAL

see all the Trumpcare pros and cons for the new repeal against obamacare

Trumpcare Proposal Highlights

see all the Trumpcare pros and cons for the new repeal against obamacare

Trumpcare pros and cons – trumpcare proposal highlights

Find all the Trumpcare Pros and Cons as the House of Republicans plan to replace Obamacare, also known as the ACA (Affordable Care Act). The proposal was released Monday on the 6th of March, and would demolish Obamacare‘s tedious system for providing health insurance to millions of Americans. It also has factors set to eliminate Medicaid expansion throughout the 31 states previously equipped by 2020. Previously uninsured poor people will once again find it difficult to get any kind of coverage with this change to Medicaid. Tax subsidies will also be restructured to help Americans who don’t get coverage through an employer to buy health plans.

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Trumpcare Pros and cons

Certain areas throughout the American Health Care Act made impacting changes to what we are used to with the Affordable Care Act. Below, we state the change, and clarify the Pros and Cons of the change

Individual Mandate

Pro

Tax penalty for minimum essential coverage dropped

con

30% of applicable premium penalty when you do not have continuous coverage for 63 days or more

Premium Subsidies to individuals

Pro

Flat tax subsidy for incomes below $75,000 is beneficial for some depending on status of poverty level.

con

For the citizens who received a higher tax subsidy for their coverage they receive less help

individual example…

Zip: 35406

State: Alabama

Smoke: Non-Smoker

Cost sharing subsidies to individuals

Pro

​Higher contributions to tax-sheltered health savings account, State fund that can help with cost sharing assistance.

con

​For the individuals using cost sharing assistance the copays, deductibles and out of pocket are not reduced

Individual health insurance market rules

Pro

​States may adopt a different ratio than the proposed 5:1

con

​Ratio age rating was 3:1 has increased to 5:1 starting January 1, 2018.

Women’s health

Pro

Prohibition on gender rating, prohibition on pre-existing conditions, cover preventative benefits such as contraceptive and cancer screenings, cover maternity care as essential benefit

con

​Prohibit federal Medicaid funding for Planned Parenthood clinics, qualified health plan to exclude any plan that covers abortion services, beyond those of saving the life of the woman, rape, or incest.

Health Savings Accounts (HSA’s)

Pro

​Increased annual tax free contribution limit to match the out of pocket limit of the high deductible health plan, tax penalty reduced from 20% to 10%, qualified medical definition to include over the counter medications

con

N/A

Dependent coverage to age 26

Pro

No changes made

con

N/A

Employer requirements and provisions

Pro

​Tax penalty for large employers eliminated retroactive January 1, 2016.

con

Low-wage small employer’s tax credit repealed

Medicaid

Pro

​Cut estimated to generate $337 billion over the next 10 years largely from Medicaid reductions and the elimination of the ACA’s subsidies for non-group health insurance according to CBO.

con

Fixed per capita cap would replace current funding. Medicaid expansion funding ceases by 2020.

Medicare

Pro

High income payroll tax and annual fee paid by branded drug manufacturers is repealed beginning after December 31, 2017. Medicare Shared Savings Accountable Care Organizations

con

​Penalties for hospital readmission and hospital acquired conditions.

state role

Pro

New Patient and State Stability Fund. Funds used by states for financial help for high-risk individuals, to stabilize private insurance premiums, promote access to preventive services, provide cost sharing subsidies, and for other purposes.

con

N/A

THE MISSION

House Republicans are carrying out legislation to deliver relief from Obamacare’s taxes and mandates to completely lay out the foundation for a 21st century health care system.

Specifically, the primary Committees with jurisdiction over health care—Ways and Means and Energy and Commerce—have released legislation that not only repeals the law, but replaces it with reforms President Trump laid out.

Taken together, here’s what the three combined legislation will attempt to accomplish:

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DELIVER RELIEF

Eliminate the individual / employer mandate penalty

that forced millions of workers, families, and employers into expensive Obamacare plans that they cannot afford.

Dismantles the Obamacare taxes

that have hurt job creators, increased premium costs, and limited options for patients and health care providers—including taxes on prescription drugs, over-the-counter medications, health-insurance premiums, and medical devices.

~

PRESERVE VITAL PATIENT PROTECTIONS

Help young adults access health insurance

And stabilize the market by enabling dependents till they’re 26 to carry on remaining on their parents’ plan.

Prohibit health insurers from denying coverage

or charging more money to patients based on pre-existing conditions.

ADVANCE 21ST CENTURY REFORMS PROPOSED BY PRESIDENT TRUMP

Establish a Patient and State Stability Fund

which provides states with $100 billion to design programs that meet the unique needs of their patient populations and help low-income Americans afford health care

Modernize and strengthen Medicaid

by transitioning to a “per capita allotment” so states can better serve the patients most in need.

Empower individuals and families

to spend their health care dollars the way they want and need by enhancing and expanding Health Savings Accounts (HSAs)—nearly doubling the amount of money people can contribute and broadening how people can use it.

Help Americans access affordable, quality health care

by providing a monthly tax credit—between $2,000 and $14,000 a year—for low- and middle-income individuals and families who don’t receive insurance through work or a government program.

View / download the bill

American Health Care Act

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