In Washington County, if you are 60 years old and making $40,000 a year (per capita income is under $38,000 in my county), the Affordable Care Act (Obamacare) health insurance tax credit in 2020 will be $7,800. The House plan would provide a credit of just $4,000 in 2020. That means the cost of buying health insurance for a 60-year-old making $40,000 per year will GO UP by $3,800 if the Republican plan is adopted.
Under the current plan, insurance companies are capped at charging three times the amount charged for coverage for younger people. Under the Republican plan the cap increases to five times the cost of rates charged to younger people.
There are also considerable cuts to Medicaid and Medicare.
All of these proposed changes will impose serious financial and health threats to people in my county who may not be able to afford insurance any longer, and these expenses will be added to the other cuts to funding in the proposed legislation. These factors, plus others in the proposed plan, do not bode well for our hospital or facilities in other rural communities.
Last May Washington County voters took on a bond to support our hospital, knowing that the bond could not solve all of the financial problems for our struggling facility. We still have work to do if we want to keep our hospital open.
Yesterday Donald Trump served up a word salad about the rate increases rolling out for 2017 coverage under Obamacare. It raised the question among reporters and pundits about whether Trump even understands the most basic premise of Obamacare.
Trump told Fox News, as Tweeted yesterday by Sopan Deb at CBS, “Well, I don’t use much Obamacare because it is so bad for the people….”
What Trump fails to understand (about this and pretty much anything else in a real world), is that he ISN’T using Obamacare, nor are any of his companies, because coverage through the Affordable Care Act isn’t offered to companies. Instead, individuals buy the coverage themselves.
Trump doesn’t know “he” isn’t using Obamacare at all. He doesn’t understand the very basics of how the plan works or who can use it.
Instead, as reported by Huffington Post, David Feder, General Manager at the resort Trump owns in Miami where the Republican nominee trotted out this absurdity, approximately 95 percent of the employees there are covered by insurance offered by Trump’s company. It isn’t a skimpy plan either, according to a review of a policy shared with an analyst.
So Trump thinks he’s paying for Obamacare, but he doesn’t use it much, “because it is so bad for the people and they can’t afford it.” He is spending more money on coverage, but not using it. And yet the “people” interviewed are “happy with their health coverage.”
Trump served up a word salad with a side of crazy yesterday.