Tags: Healthcare Reform | lindsey graham | bill cassidy | healthcare bill | cost | older americans | AARP

AARP: GOP Bill Will Make Healthcare Cost $16K for Older Americans

A new report from the American Association of Retired Persons (AARP) shows that older Americans could pay upwards of $16,000 per year for healthcare coverage under the bill proposed by Sens. Lindsey Graham, R-S.C., and Bill Cassidy, R-La..

The legislation "threatens to make healthcare unaffordable and inaccessible for millions of older Americans," the report reads. "The bill eliminates two sources of financial assistance — premium tax credits and cost-sharing reductions — critical to ensuring that low-to-moderate-income older adults are able to afford the coverage they need. For a 60-year-old earning $25,000 a year, premiums and out-of-pocket costs could increase by as much as $16,174 a year if they wanted to keep their current coverage."

The AARP notes that under current law, a person that age earning that amount would pay an average of $1,608 per year for health insurance premiums in 2020. These premiums could increase in cost by over $10,000 under the Graham-Cassidy bill. In Alaska, whose senator, Lisa Murkowski, is a key vote on the issue, a person that age with that income could have their premiums increase "as much as $26,986."

The report also notes that the bill could "allow states to charge older adults age 50-64 significantly higher premiums than under current law on the basis of their age by waiving federal protections that limit the practice known as age rating."

© 2018 Newsmax. All rights reserved.

   
1Like our page
2Share
Politics
A new report from the American Association of Retired Persons (AARP) shows that older Americans could pay upwards of $16,000 per year for healthcare coverage under the bill proposed by Sens. Lindsey Graham, R-S.C., and Bill Cassidy, R-La.
lindsey graham, bill cassidy, healthcare bill, cost, older americans, AARP
224
2017-15-21
Thursday, 21 September 2017 01:15 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved