That's according to Covered California -- the state-operated health insurance marketplace -- that just released a comprehensive analysis of financial assistance available through the current Affordable Care Act -- also known as Obamacare -- as well as a preliminary analysis of how changes proposed in federal law would affect enrollees.
"We are deeply troubled by the (
"While we are still doing an analysis of the aggregate effects of this law on our consumers, the likely effect of basing subsidies on age alone -- rather than considering income and where an individual lives -- is that it will make coverage unaffordable and in many cases, put coverage out of reach," Lee said.
Especially hard hit will be residents of the
Longtime consumer advocate
"Over 14 million Californians depend on
The 27,848 county residents who enrolled in a Covered California plan in 2016 were subsidized to the tune of
"Health insurance can be expensive, and the financial assistance provided through Covered California helps consumers save money and brings that coverage within reach of millions," Lee said.
"As policymakers in
Lee gave some examples of subsidized Silver plan premiums for individuals -- one in their late 20s and one in their early 60s -- in two major cities under the current Affordable Care Act that considers age, income, family size and location compared with the proposed American Health Care Act that uses aged-based-only subsidies.
"As many independent studies have shown, moving to age-based tax credits will hurt many of our consumers, particularly those older and lower- to middle-income consumers, and price them out of the market," Lee said.
"This would damage our risk mix and lead to higher premiums for everyone in the individual market, even those who do not purchase their insurance through Covered California," he said.
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