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The biggest deal here is that it removes the "individual mandate". Without the mandate, costs on the exchanges will got through the roof, so basically no one wh
by LyndsySimon 10y ago
The biggest deal here is that it removes the "individual mandate". Without the mandate, costs on the exchanges will got through the roof, so basically no one who doesn't qualify for a subsidy will be able to afford them. That said, catastrophic plans will once again be a viable option for many people.
In short - it changed a flaws nationalized healthcare program into an expensive entitlement program for low-income earners.
- maxerickson 10y agoIt depends on what you expect the catastrophic plans to cover. In a lot of ways, the expensive, high deductible ACA plans are catastrophic plans. It just happens to be the case that they will actually cover a medical catastrophe, so they are expensive. A catastrophic plan that leaves the patient dead or declaring bankruptcy didn't really provide enough insurance. Also, it depends a lot on what you mean by low income earners, but a family of 4 on $65,000 is getting a bigger subsidy than a very low income single adult in a state that didn't expand Medicaid (http://kff.org/uninsured/issue-brief/the-coverage-gap-uninsured-poor-adults-in-states-that-do-not-expand-medicaid/ http://kff.org/uninsured/issue-brief/the-coverage-gap-uninsu... ).