Senate health care bill: How it would affect you
WASHINGTON — Senate Republicans’ proposal to rewrite the Affordable Care Act would scale back federal funding for Medicaid, change the subsidies available to help low- and moderate-income people buy private insurance, end the mandate that most people buy insurance and repeal taxes that helped expand coverage to about 20 million Americans.
Here’s a look at how the bill released Thursday could affect you.
Would you still receive a subsidy to reduce the cost of premiums?
You could lose all or some of your subsidy, which is now available to people earning up to $84,650 for a family of three. That income limit would be lowered slightly and would become less generous. The changes amount to about a 15% cut for those who would qualify, according to Larry Levitt, senior vice president at the nonpartisan Kaiser Family Foundation.
Most of the 10.3 million Americans who had purchased a plan through the ACA exchanges as of February were receiving subsidies.
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