Obamacare replacement hits Michigan’s working poor hardest
The CBO estimated that under the Republican-proposed replacement for Obamacare, the number of uninsured Americans would grow by 24 million by 2026, with some 14 million people not getting coverage under
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Snyder -- who has lobbied Republican leaders on
Some Republican members of
"The CBO report serves as another reminder that
Bishop did not mention the analysis' finding that millions could become uninsured or what specifically those
Overall, more than a million Michiganders have received coverage under Obamacare, cutting the rate of uninsured people in the state. In recent years, however, premiums have jumped -- including by 17% in the last year as the number of insurers offering plans has declined. In many cases, those increases are covered by federal subsidies, reducing the impact on individuals -- but those subsidies must be borne by taxpayers.
The CBO analysis said passage of the Republican plan -- which proposes a move to tax credits for insurance based on age -- would cut some
It would also in the years after 2020 reduce premiums overall and especially for younger, healthier individuals, though it was expected to see prices potentially increase for those who are older and sicker. Insurers would have greater freedom to dictate policies and be allowed to set premiums for older Americans at five times those for younger people. Tax credits would be worth
The report found that "in particular, people between 50 and 64 years old with income of less than (twice the federal poverty limit) would make up a larger share of the uninsured."
While the
Another Republican member of the state's delegation to
"Obamacare is in the midst of collapsing," he said. "As conversations translate into legislative action on improving health care options, increasing affordability, and enacting (legal) tort reform, I hope those who are more interested in playing partisan political games reset their priorities and become constructive voices in the process."
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Indiana State University’s Networks Financial Institute – Summit
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