On the surface, the tax credits for the oldest Americans seem the most generous. People in their 60s, for example, get twice as much help as those in their 20s.
But under the Republican plan, insurers would be allowed to charge the oldest Americans five times as much as the youngest Americans. Their financial help would not scale nearly as much as their premiums would.
Shouldn't the AARP be angry about this?
you don't pay a 30% premium on employer based insurance.
That is only for the individual marketplace. If you don't get it through your employer, then yes you pay 30%.
If you get prostate cancer while on your insurance, they cover it. If not, then you could be put in a high risk pool. The state can use the money for something else besides a HRP.
premiums in a HRP are enormous. Premiums will go up for the entire individual marketplace under these rules, however.
In fact, insurance numbers might drop so significantly, there might not be any providers at all in the individual market where you live.
Thanks. This shit's so ridiculously confusing. I've never had insurance outside of an employer and thankfully haven't had anything go wrong like cancer so I'm just terribly unsure how some of this stuff works much less how it theoretically would work with a strange plan like this.