repealing obamacare affects everyone personal finance - health care appliances

It's not just 20 million people who get health insurance through individual Obamacare exchanges or Medicaid expansion.
Under Obamacare, older people pay less for Medicare and prescription drugs.
Many Americans receive free birth control pills, breast X-rays, colonoscopy, and cholesterol tests.
Small business employers with older and heavier conditions were not super slappedhigh premiums.
"ACA has made changes in every part of the health care system," said Larry Levitt, senior vice president of Kaiser Family Foundation, in the Affordable Care Act.
"Almost everyone was moved by the ACA. " President-
President-elect Donald Trump and congressional Republicans have vowed to repeal Obamacare quickly.
They plan to start with terms that affect spending and income ---
Includes federal subsidies, expanded Medicaid, tax and authorization for all individuals to receive insurance and insurance from large employers.
This requires only a majority vote in the Senate.
But Republicans have promised that, in addition to the plan to allow children under the age of 26 to stay with their parents, all health care reform bills signed by President Obama will eventually be revoked.
How Obamacare and its full repeal will affect all Americans: repeal of Obamacare could mean higher premiums, deductibles and costs
For 57 million elderly citizens and Americans with disabilities who participated in the program.
It will also bring back the infamous "donut hole" in Medicare prescription drug insurance ".
The medical reform law has made many changes to the medical insurance system.
It slows down the growth of payment rates for hospitals and other providers, reduces payments to Medicare Advantage programs, and increases the welfare of participants.
According to estimates from non-health care institutions, the abolition of Obamacare will increase health insurance spending by $802 billion in 10 years.
Congressional Budget Office.
Related: so under Trump, Obamacare may be replaced and Medicare beneficiaries will pay more because premiums and deductibles are related to the growth of federal spending.
As a result, older people will face higher deductible
Their Part A payment includes length of stay, and Part B pays higher premiums and deductibles for physician visits and other services.
The White House estimates that typical Medicare beneficiaries have reduced their premiums and cost-sharing by about $700 this year due to slowing cost growth.
Under Obamacare, health insurance participants receive free prevention benefits such as screening for breast and colorectal cancer, heart disease and diabetes.
This provision will disappear with full repeal.
In addition, Obamacare called for a phased reduction in the gap in coverage of Medicare drugs, which will be completely eliminated by 2020.
When the elderly are in the donut hole, they have to pay more for the medicine.
2016, when participants and their insurance companies spent $3,310 on medication, the gap began when they reached the cost of $4,850.
The White House said that since the passage of Obamacare in 2010, more than 11 million people have saved an average of $2,100 per person on prescription drugs.
If Obamacare is abolished, the donut hole will appear again. Higher-
However, income participants will receive some economic benefits from the abolition.
Obamacare has frozen the threshold for a personal health insurance premium surcharge of $85,000 and a couple of $170,000, so more people are restricted.
The law also added a drug insurance surcharge for wealthy beneficiaries.
Obamacare under President Trump: what will happen next?
If Obamacare is abolished, say goodbye to the employer's mandate.
Companies with at least 50 employees will no longer need to provide affordable insurance for employees who work more than 30 hours a week.
This may not have a significant impact on the 0. 15 billion workers insured through work, as most of the larger employers have provided full coverage
Time workers, Levitt said.
However, setting the standard to 30 hours per week has prompted some employers to extend coverage to more employees, as many companies see this threshold as part --time.
If abolished, companies can choose to cover only those who work at least 35 or 40 hours a week, leaving some people out of insurance.
In addition, before the child reaches the age of 26, the company no longer needs to have them continue with their parents' plans.
It turned out to be one of the more popular Obamacare provisions, with two.
According to recent White House data, 3 million Americans aged 19 to 25 signed up between 2010 and 2013. (
Trump said he might keep the policy. )
Workers, however, may have to restart paying for birth control pills and preventive screening (such as colonoscopy and mammograms.
Obamacare asked for these free. of-charge.
Obamacare also bans employers from imposing annual or lifetime restrictions on benefits and capsof-
Pocket consumption (
Wages for single workers in 2017 were $7,150).
Repeal of Obamacare could have a greater impact on employees working in companies with fewer than 50 employees.
They enjoy many of the benefits that Obamacare brings to the individual market.
Insurance companies can no longer ban workers.
Or ask them to pay more.
It requires that the plan cover a range of benefits, including maternity, mental health and prescription drugs.
It also limits insurance companies to charge older workers three times the premium for younger workers.
In the case of abolition, all this can be reversed.
Related: How Trump uses pre-
The existing conditions of Obamacare have the greatest impact on the individual market. before the introduction of the medical reform law, the personal market is basically unregulated.
It tries to make health insurance more accessible and affordable in many ways.
It requires insurance companies to provide insurance for people.
Conditions are in place and they are prohibited from charging patients more.
The act ends the insurance company's practice of setting an annual or lifetime cap on benefits and limits the annual excess limitof-Pocket consumption.
It stipulates that personal insurance includes a range of benefits such as medicines, childbirth and mental health.
It prevents insurance companies from charging more fees to women, and limits insurance premiums for older people to no more than three times that for younger people.
Obamacare has set up a health insurance exchange that allows Americans to buy personal policies and creates such low federal subsidies. and moderate-
Income participants can purchase policies with less than 10% of their income.
Another set of subsidies limited the deductible and contract amount
Lower payment
Income policyholders. Some 10.
As of June, 4 million people had been exchanged through Obamacare. Another 6.
9 million of Americans buy personal policies outside the Obamacare exchange.
They can't apply for subsidies, but they can get all the other benefits. (
Trump has said he will continue to demand insurance companies for those
Existing conditions, but only in the case of continuous coverage.
Those who do not have insurance may be subject to higher premiums or are forced to apply for policies within the statebased high-risk pools. )
Related: Before Obamacare, the number of registered people in Obamacare reached a record 2017, and most of the Medicaid participants were very low.
Income children, pregnant women, parents, disabled persons and the elderly.
Reform and opening up to a low level
Adults with income of up to 138% of the poverty line--
$16,400 single person-
In states that choose to expand their Medicaid programs.
So far, 31 states, as well as the District of Colombia, have done so, adding nearly 17 million people since the end of 2013, just before the clause came into effect. (
This number includes both those who are newly eligible for expansion and those who are always in line with the standards. )
Related: Trump and Republicans have made significant changes to Medicaid under the plan, and the federal government paid 100% of the expanding population in the first three years and slowly reduced the reimbursement ratio to 90%.
The repeal of Obamacare will cost millions of the poorest Americans insurance.
According to Obamacare, almost all Americans have to get insurance or pay a fine. this year, insurance or fines for each adult or 2 person will reach $695.
5% of household income is subject to the larger.
This task will be canceled through abolition.