What Would Happen With Health Care Repeal
The House will be voting on health care repeal this week. If Republicans had their way (they won’t) and the Affordable Health Care Act were to be repealed, here’s what would happen:
- Ten of millions of uninsured will lose health care security.
- Millions more will worry they could lose their coverage if they get sick or lose their jobs.
- Rising health costs won’t be reigned in. (The CBO says repeal would drive up the deficit $230 billion over ten years).
- Contrary to what Republicans promised, this increase in spending won’t be offset but cuts in other areas.
- Insurance companies will be able to deny coverage because of pre-existing conditions.
- Insurance companies will be able to rescind a policy after someone becomes sick.
- Insurance companies will enforce lifetime caps.
- Insurance companies will enforce yearly caps.
- Children under age 26 will be able to be denied coverage under their parents’ plans.
- There will be no requirement for preventive care.
- Insurance companies won’t be forced to spend 80% of premium income on medical care versus profits and administrative costs.
- Federal tax credits to small businesses to cover employees will be eliminated.
- A reinsurance program to help employers cover early retirees will be eliminated.
- People who buy their own policies will pay more for less coverage.