What’s in the bill: To help people pay for insurance, the Senate bill proposes tax credits based on income level, a feature of Obamacare, rather than on age, as the House bill calls for. The bill would make anyone earning up to 350% of the poverty level eligible for credits; Obamacare caps that at 400%. Additionally, the credits would be capped at a lower percentage of overall medical costs than those under Obamacare, making them less generous overall.
What it means: While the tax credits would be more generous for older Americans than the House bill, fewer middle-income people would get financial support to pay for coverage — and those who do would get less.
What’s in the bill: Obamacare’s Medicaid expansion, which extended the program to those making 100% to 138% of the federal poverty limit, would be phased out over four years. 90% of the current federal funding would be provided in 2020 and it would decrease by 5% each year until 2023, after which it would be eliminated. People would not be allowed to join the expansion from 2020 onwards. The tax credits will be available to people that fall off the expansion.
What it means: While this would save the federal government money, it also means the millions of people that have gained access to Medicaid would be rolled off. These people would be able to fall back on the less generous tax credit and access coverage through the individual insurance market.
And of course there’ll be attempts to stop women from receiving health care.
What’s in the bill: No plans purchased using funding from the bill can cover abortions. Additionally, none of the funds allocated by the bill can be given to healthcare providers that are involved with abortion.
What it means: In addition to restricting anyone who uses the credits or other funds from getting plan that covers abortions, this would effectively defund Planned Parenthood. It is unclear if this will pass Senate rules.
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