Local reaction to health care legislation score mixed
------
See Also
------
"Some Georgians in the
"This legislation would crush consumers by destabilizing insurance markets, eliminating critical protections, and forcing too many Georgians into the ranks of the uninsured and underinsured," she said. "
While the CBO estimated it would leave 23 million more uninsured in 2026 than the current law, which would be 51 million uninsured by that date, the proposed legislation would generally lower premiums, in part because insurers would likely cover less services. And the impact on premiums would depend on whether a state elected to opt out of requiring policies cover certain services, such as maternity care or substance abuse treatment.
States could also elect to forgo what is known as community-rating and allow insurers to charge less healthy and older people much higher premiums, according to the report. The difference by 2026 for someone living in a state that elected not to adopt those waivers could mean net annual premiums, after the subsidy, of
The older person's premium would be more than nine times higher than they would pay under current law, according to that calculation. Someone living in a state that chose to adopt a "moderate changes" would pay less, according to the report:
Reach
___
(c)2017 The Augusta Chronicle (Augusta, Ga.)
Visit The Augusta Chronicle (Augusta, Ga.) at chronicle.augusta.com
Distributed by Tribune Content Agency, LLC.


Rep. Shea-Porter Statement on Updated Estimate of Coverage Losses Under Republican Health Care Bill
GOP Health Plan Would Leave 23 Million More Without Insurance
Advisor News
- When new investment trends emerge, Gen Z is most likely generation to be first in
- Could ‘plain English’ become an advisor’s secret weapon?
- IRI urges Senate action on 403(b) parity legislation
- Three estate planning ideas to protect your clients and their wealth
- What advisors must know about accessible client documents
More Advisor NewsAnnuity News
- NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
- NAIC working group pressed to accelerate annuity illustration overhaul
- State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
- Wink: Annuity sales post strong Q2, led by MYGAs and structured products
- Legacy Marketing Group partners with Malibu Life USA for annuity launch
More Annuity NewsHealth/Employee Benefits News
Life Insurance News