How Low Can They Go?

How Low Can They Go?

It disturbs me that with every stroke of his pen, Trump is pulling another plank from the platform that upholds the lower-and-middle classes of this country. From hobbling workers' rights to decimating healthcare, his and the Republican’s policies are making it tougher for people to live with dignity and be fairly paid for their hard work. So many hard-won fights over so many decades are disappearing before our eyes--workers' rights, women's rights, LGBT rights, minority rights, healthcare rights.

Now the Republican-majority House and Senate are proposing a new healthcare law that guts the Affordable Care Act (ACA) and threatens to leave up to 23 million without health care coverage.

Those between the ages of 50 and 64 will see premium rate increases that will drive many of them to forego insurance altogether. Whereas the ACA prohibited charging older people more than three times what young people were charged, the American Health Care Act (AHCA, aka Trumpcare) will increase that difference to five times as much.

The House Republican Trumpcare plan eliminates the income-based tax credits and subsidies available under the ACA, replacing them with age-based tax credits ranging from $2,000 a year for people in their 20s to $4,000 a year for those older than 60.

The Senate plan is different in that tax credits will vary by income at a lower eligibility level than under the ACA. Sounds good, right? But the credits are smaller because their value is tied to the cost of less-generous insurance than under the ACA. What does “less generous” mean? 

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