AHCA / AKA Trumpcare VS Obamacare - Unbiased Trump care Pro's and Con's Laid Out In The Open And It's A Lot Better Than It's Being Portrayed As
Miami, Florida, March 29, 2017 (Newswire.com) - After months of anticipation and minor successes on its way to the main voting poll, Republicans decided to pull the American Health Care Act - AHCA / AKA Trumpcare Proposal from the floor before the House could lay a single vote for the time being. This article's intent is to bring out the true affects this bill may have on a consumers wallet when it comes to AHCA / Trumpcare VS Obamacare.
When looking at the AHCA / Trumpcare Pro's and Con's some of the biggest hitting positives with the AHCA / Trumpcare proposal fall along the lines of the Individual Mandate, Subsidies, and Interstate Insurance. With the individual mandate, the tax penalty applied for individuals that weren't insured with a qualified plan the previous year would be lifted. This change would not only affect the future for AHCA / AKA Trumpcare, but its retroactive role would have people getting their money's back for penalties filed from the 2016 calendar year. Subsidies, as well, had a very favorable outlook on the proposal. Subsidies implied to help buy health insurance under AHCA / Trumpcare were going to be based on age rather than income, due to the income qualifications stretching much higher, allowing younger people to get more involved with insurance and giving all households with moderate to higher income more opportunity to receive financial assistance through the new qualifying subsidy factors.
Premiums may also be lowered due to the interstate insurance. Health insurance companies would no longer be restricted to certain states. More options = More competition and more competition may lead to cheaper prices for individuals. Another big Pro would be for young adults with a substantial income, as they may see more affordable health care options due to the change in subsidy income qualification reaching $95,000 for an individual; families would still qualify for a tax credit up until $290,000 in income.
For example: 25 year old male living in the state of Florida making $30,000 a year under AHCA / Trumpcare would receive $166.67 in financial assistance through the subsidy / tax credit paid towards his health plan on a monthly basis and through Obamacare. The way it is now he would only get $62.39 in financial assistance through the subsidy / tax credit paid towards his health plan on a monthly basis. With Health Insurance for a 25 year old male in some counties in the state of Florida starting at $180.95, people can see how AHCA / Trumpcare stacks up to be a much better option in this situation opposed to Obamacare. This would leave the consumer paying $14.28 For their health insurance on a monthly basis through AHCA / Trumpcare and $118.56 through Obamacare. When Combining the advantage of the tax credit and the possibility of lower prices due to interstate competition, its pretty much a no brainier for young adults in this situation to want change and go with the new AHCA / Trump care VS Obamacare.
When looking at the Trumpcare Pro's and Con's, the dark side of this proposal must be observed as well. Keep in mind that some of the Con's may work themselves into Pro's in the future. Some of the main Con's deal with, once again, the Individual Mandate, and Medicaid Funding. Some negative points of the individual mandate have to do with the tax penalty being lifted. This may influence many to drop their current plans, and if they do not enroll in a health insurance plan when deemed appropriately a timely manner (if they haven't had coverage for longer than 64 days) they would be welcomed back, however they would pay a 30% higher rate for their health insurance as a penalty. This may lead to a much higher rate of uninsured individuals as projected by the CBO. Medicaid Funding and Medicaid Expansion would be discontinued under AHCA / Trumpcare's proposal. This would, instead, be traded with a lump sum of federal money provided to each state. The last big Con would be the older a consumer ages and having a lower income, the lower the financial assistance may be. For example: a 64 year old female living in the state of Florida making $30,000 a year under AHCA / Trumpcare would receive $333.33 in financial assistance through the subsidy / tax credit paid towards her health plan on a monthly basis. Through Obamacare, the way it is now, the same individual would get $505.24 in financial assistance through the subsidy / tax credit paid towards her health plan on a monthly basis. With Health Insurance for 64 year old female in some counties in the state of Florida starting at $643.20, people can see how AHCA / Trumpcare falls short in comparison and how Obamacare turns out to be a much better option in this situation. This would leave the consumer paying $309.87 for their health insurance on a monthly basis through AHCA / Trumpcare and $137.96 through Obamacare. Even if the interstate competition played a major part and discounted health plans by as much as 20%, it would still be a no brainier for older adults approaching seniority in this situation to continue with Obamacare.
While both the AHCA and ACA plans have good and bad components that directly affect consumers financially in positives and negative ways, it may remain up to the consumer to continue to point out the weaknesses of the plans to eventually work towards a plan that works well for most consumers old and young. In the interim, the Republican Party may be making minor tweaks to the proposal, as well as winning more votes in the house to get the new proposal passed and active. The two programs may remain a moving puzzle as long as time will tell. For a more detailed breakdown including the AHCA / Trumpcare full Proposed Bill, Pro's and Con's, and a side by side comparison between Obamacare and AHCA / Trumpcare visit http://www.ezhealthmart.com/trumpcare-pros-and-cons/