Premiums Could Rise 74 Percent Under GOP Health Care Bill: Study | NECN
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Premiums Could Rise 74 Percent Under GOP Health Care Bill: Study

Older and low-income Americans could face the highest increases for coverage

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    NEWSLETTERS

    The Senate vote on the health care bill has been delayed, Senate Majority Leader Mitch McConnell announced on Tuesday, June 27, 2017. (Published Tuesday, June 27, 2017)

    Health care premiums could rise 74 percent for the average customer under the Republican Senate health care bill, according to a new report.

    Older and low-income Americans could face the highest increases for coverage, with Americans between ages 55 and 64 with lower incomes seeing a 294 percent increase in premiums. NBC News reported that the study by the nonpartisan Kaiser Family Foundation factored in the price of insurance and the amount of subsidies people would receive. 

    The Senate bill, supported by Senate Majority Leader Mitch McConnell, R-Ky., encourages customers to purchase plans with higher deductibles. The subsidies would cover an average of 58 percent of costs, compared to Obamacare’s 70 percent.

    In its analysis on Monday, the Congressional Budget Office said that premiums and deductibles could be too high for many low-income customers to buy coverage.

    Senator Schumer: 'The Fight Is Not Over' on Health Care

    [NATL] Senator Schumer: 'The Fight Is Not Over' on Health Care

    Senate Minority Leader Chuck Schumer wants to work with his Republican colleagues to revise a bill that benefits everyone, he said on Tuesday, June 27, 2017, in Washington D.C. Republican leadership decided to postpone the vote on the proposed legistlation until after the July 4 recess. 

    (Published Tuesday, June 27, 2017)