you’re free to read thefull report here.
Its not a crystal ball that can tell you what happens to the particular plan that youre on now.
But with this information, we can make some good guesses.
This bill is also only the first stage of a three-point plan.
Later, Congress will considercutting essential benefitslike maternity care, so insured people get even less for their money.
But thats all in the futurelets look at the legislation thats in front of Congress right now.
Will I Lose Insurance Coverage?
If the bill is passed, 24 million people will lose coverage by 2026.
Right now, about 10 percent of people are uninsured.
If the ACA stays in place, that number will hold steady.
Thats even higher than pre-ACA numbers.
Medicaid also provides care for kids, people with disabilities, and seniors in long term care.
Medicaid cuts and caps begin in 2020.
Plus a bunch of people who say no thanks when premiums get too high.
Will My Premiums Get More or Less Expensive?
First the one, then the otherif youre young.
For older folks, premiums will go up and up.
At first, premiums on the individual market will go up by 15 to 20 percent.
That means premiums have to go up for the people who stay.
Premiums will be cheaper because insurance will cover less.
Youre not getting the same coverage for less money, youre just getting less coverage.
But theres a catch.
Premiums will be cheaperbecause insurance will cover less.
Youre not getting the same coverage for less money, youre just getting less coverage.
As well see below, youll be on the hook for more costs through high deductibles and cost sharing.
The new tax credit barely makes a dent in those expected premiums.
Thats more than half of their very small income.
Will My Deductible Still Be Sky-High?
Actually, it will probably get even worse.
Right now, the cheapest insurance plans must cover at least 60 percent of their customers costs.
If an insurer wants to participate in the Marketplace, it must offer a silver and a gold plan.
The AHCA takes away those requirements, so an insurer could decide to only offer low coverage plans.
The CBO guesses that plans that cover less than bronze would be rare.
The ACA currentlyprovides subsidiesfor these cost sharing measures to certain low income folks.
Those subsidies are going away, so the deductibles will sting even more.
Will I Still Be Able to Purchase Coverage If I Want It?
So, insurance will still be around.
It may be harder to compare plans, though.
Without the plan tiers, it will be harder to tell which plan is a better deal than another.
Your choice of plans will probably change.
There will probably be plenty of lower coverage plans available, which are the cheapest kind.
The ACAs subsidies helped in those situation, but those will be gone if the new law passes.
