Parts of the Affordable Care Act That Will Remain, Change, or Disappear
Earlier this week, Republican leaders unveiled the American Health Care Act , a bill intended to replace the Affordable Care Act (ACA). So what’s different? The New York Times breaks this down into an easy-to-read chart.
A bulleted table summarizes which parts of the ACA will be retained, canceled, and modified in the new invoice. Probably the biggest change is the individual mandate, which requires people who can afford it to buy health insurance or pay tax fines. The new law abolishes this mandate, but instead proposes “encouraging continuous coverage”. It is designed to ensure that people are insured by charging people a 30 percent penalty for any lapses in health insurance.
Here are some more important parts of the ACA and what the new law will do with them:
- Employer Authority (Repeal) : A new law revokes the ACA employer mandate, which requires companies to provide affordable health plans to employees.
- US Seniors Surcharge Limits (Change): According to the ACA, insurers can only charge their old customers three times as much as their youngest customers. The new law increases this amount up to five times and allows states to set their own ratio as well.
- Pre-existing terms policy (Save): The new bill will maintain the ACA’s pre-existing terms policy, which requires insurers to cover people regardless of any pre-existing medical conditions. They also cannot charge additional fees based on the person’s health history.
To see the full list of changes in the chart form, follow the link below.
Portions of Obamacare Republicans Will Retain, Change, or Withdraw | New York Times