How Democrats’ health care plan would cut Medicare coverage for millions
With the passage of President Donald Trump’s health care bill, millions of people who currently have Medicare coverage will no longer be able to get the same care they receive under the Affordable Care Act.
While many people will be able get better care from their employers, others, especially seniors, will lose out as well.
The Congressional Budget Office (CBO) says that the Congressional Budget and Impacts Assessment (CBIA) on the GOP health care proposal would increase the number of people enrolled in Medicare Advantage plans by 2.4 million over the next 10 years.
While the CBO estimated that 1.5 million people would lose their coverage over that period, CBO’s analysis found that the CBO would also lose $2.2 trillion in federal funding over 10 years under the proposal.
The CBO estimated, for example, that if the House bill becomes law, Medicare Advantage would lose $1.7 trillion over 10, 12, and 18 years.
Medicare would also receive $8.2 billion in additional federal funding for Medicare Advantage enrollees in 2025, the CBO said.
The bill would also cut the amount of money that Medicare pays out to the states for beneficiaries.
The cuts to Medicaid and CHIP would come at a time when more than half of Medicaid and about half of CHIP recipients live below the poverty line.
And under the Republican bill, those who earn up to 138 percent of the federal poverty line would see their Medicare benefits reduced by as much as $6,000, while those earning less than that amount would see them cut by as little as $200.
The GOP bill would make a number of changes to Medicare, including cutting the amount that Medicare will pay for beneficiaries to $6.3 billion by 2026, eliminating the medical device tax, and increasing premiums for those on Medicare Advantage.
Under the proposal, Medicare would no longer pay premiums to people on the lowest incomes.
The House bill would lower the Medicare income eligibility limits for certain retirees, while making it more difficult for those who are already in the system to move up to higher income levels.
The Republican plan also reduces the Medicare Advantage benefit levels for those in their 80s and beyond, and would eliminate the health savings account.
The Republican proposal would also significantly increase the costs of the Medicaid program for the elderly, while the House proposal would only increase the Medicaid benefits for people who earn more than 400 percent of poverty.
The Senate bill would cut Medicaid benefits in a similar way, but only by $835 billion over 10 year, and the House plan would make only modest changes to Medicaid.
The bill also eliminates the cost-sharing reductions, which are payments that states have been required to make to cover health costs for their Medicaid enrollees.
The Medicaid expansion under Obamacare, which has been particularly successful, was a significant source of cost savings.
Under Trump’s proposal, the cost of covering the cost would be doubled to $772 per person, which would amount to a total increase of $2,100 for every Medicaid enrollee.
The repeal of these cost-containment payments would increase costs for states that do not expand Medicaid.
In addition, the Senate bill also changes the formula for determining eligibility for Medicaid, which reduces the eligibility threshold for Medicaid eligibility to 100 percent of income.
The number of states that have the option to expand Medicaid has increased substantially since the ACA passed in 2010, but the CBO estimates that fewer than half will be willing to make the adjustment.
States will now only be able expand Medicaid to low-income Americans who earn between 100 percent and 138 percent the federal government poverty line, but states will still be able only to enroll a certain number of Medicaid enrollers, rather than a certain percentage of enrollees, according to the CBO.
States will also be required to spend a certain amount of federal funds per enrollee on Medicaid.
The nonpartisan Congressional Budget Service estimates that the repeal of the cost containment payments will reduce federal Medicaid funding by $5.5 billion over the first 10 years of the repeal, and reduce the federal budget deficit by $1 trillion over that time period.
As of now, the GOP plan is expected to be a disaster for millions of Americans.
The GOP plan would likely lead to an increase in insurance premiums for millions more Americans and reduce coverage for older Americans and those with pre-existing conditions.
According to the Kaiser Family Foundation, under current law, the average premium for a family of four is $2,-700 a year.
That would increase to $4,600 by 2027, and $8,900 by 2034.
The costs would also increase as a result of the elimination of the medical devices tax, which the CBO says would cost the U.S. economy $1,732 billion.
In a statement, the Congressional Progressive Caucus (CPC) slammed the Senate GOP plan.
“The House Republican bill would strip more than $1 million in Medicaid funds, eliminate cost containment for Medicare and eliminate Medicaid eligibility for millions. This bill