Repealing Obamacare Will Affect All Of Us, Here’s How It Will Affect You

Donald Trump and the Republicans are determined to repeal Obamacare. But what they don’t seem to realize….or care about…is that repealing the law will directly affect EVERYONE. That includes all of the Republicans who are pushing for the repeal.


Let’s start with the obvious. Obamacare is not perfect. It’s far from it. And there is no question that the law needs some fixes. But, for all of its flaws, it is far better than the broken system we had before. The problem now is that Republicans are prepared to bring us right back to that broken system.

If you can afford health insurance and don’t fall into the group of over 20 million who only have access to health care because of Obamacare, then you may be thinking that this repeal won’t affect you. But you would be wrong.

It will affect all of us.

Here’s how it will affect you….

Medicare

The people who will be among the most affected by this repeal are senior citizens. There are 57 million seniors and disabled enrolled in Medicare. And without the provisions in Obamacare these people will be forced to pay higher premiums, deductibles, and cost sharing.

The repeal will also bring back the so-called “donut hole” for Medicare’s prescription drug coverage.

CNN Money reports,

“The health reform law made many changes to Medicare. It slowed the growth of payment rates to hospitals and other providers, reduced payments to Medicare Advantage plans and improved benefits for enrollees. Repealing Obamacare would increase Medicare spending by $802 billion over 10 years, according to estimates by the non-partisan Congressional Budget Office.

As a result, Medicare beneficiaries would pay more because premiums and deductibles are tied to the growth of federal outlays. So seniors would face higher deductibles and co-payments for their Part A, which covers hospital stays, and higher premiums and deductibles for Part B, which pays for doctor visits and other services. The White House estimated that the typical Medicare beneficiary is paying about $700 less in premium and cost sharing this year because of slower growth in costs.”

Medicare enrollees will also lose free preventative benefits including screenings for things like breast and colorectal cancer, heart disease, and diabetes.

 “Also, Obamacare called for closing the gap in Medicare’s drug coverage in stages, completely eliminating it by 2020. Senior citizens have to pay more for drugs while they are in the donut hole. For 2016, the gap begins when enrollees and their insurers have spent $3,310 for medication and ends after they hit $4,850 in costs. Since Obamacare was passed in 2010, more than 11 million people have saved an average of more than $2,100 a person on prescription drugs, according to the White House.”

The only people this repeal may benefit are the very wealthy.

Because of Obamacare, the threshold for Medicare premium surcharges was frozen at $85,000 for individuals and $170,000 for couples. Obamacare also included a premium surcharge on drug coverage for high-income wealthier beneficiaries.

Employer-Based Insurance

The 150 million people who are using employer-based insurance will also be affected.

  • Employers who have over 50 employees will no longer have a mandate to offer affordable health insurance to everyone who works over 30 hours a week.
  • Companies will no longer be required to keep children on their parents’ plan until they turn 26.
  • Workers will lose all of the free services offered by Obamacare like birth control and preventative screenings for things like colonoscopies and mammograms.
  • Employers will no longer be prohibited from imposing annual or lifetime limits on benefits or capping out-of-pocket cost.
  • Insurers will no longer be required to cover workers with preexisting conditions. And they will be able to charge those with preexisting conditions much more.
  • Insurance plans will no longer be required to include maternity, mental health and prescription drugs.
  • Insurers will no longer be stopped from charging older workers premiums more than three times those of younger workers.

Individual Market

“It sought to make health insurance more accessible and affordable in a number of ways. It required insurers to cover people with pre-existing conditions and banned them from charging the sick more. The law ended the practice of insurers imposing annual or lifetime caps on benefits, and it also placed limits on annual out-of-pocket spending. It mandated that individual insurance cover an array of benefits, including medication, maternity and mental health. It prevented insurers from charging women more and restricted premiums for older folks at no more than three times those of young adults.

Obamacare set up health insurance exchanges to allow Americans to shop for individual policies and created federal subsidies so low- and moderate-income enrollees could buy policies for less than 10% of their income. Another set of subsidies limit the deductibles and co-payments for lower-income policyholders. Some 10.4 million people were covered through the Obamacare exchanges, as of June.”

All of these things will be gone after the repeal.

Medicaid

Another 17 million people who have insurance through the Medicaid expansion will be in jeopardy. Obamacare expanded Medicaid to include low-income adults with incomes of up to 138% of the poverty line — $16,400 for a single person — in the states that opted to expand their Medicaid programs. So far, 31 states, plus the District of Columbia have done so.