A study by a group that has long advocated for the Affordable Care Act says the plan known as Trumpcare could cost much more.
Kevin Kane from Citizen Action of Wisconsin say they looked at the tax credit changes.
He says someone with a current Affordable Health Care policy will be paying much more..
. "....we tried to determine what incomes you might expect. Let say someone in Oneida county makes about $18,000 a year. You will expect an annual out-of-pocket deductible(under ACA) to be about $250. That's about to change. The $250 deductible is about to go to $6,650 before your insurance company will pay a dime...."
Kane says slightly higher income people also will feel a bite...
"....a 60 year old person who earned about $43,000 a year, not quite Medicare age, not impoverished but not on Medicaid either, you're going to be cut off from any tax credit help whatsoever under the new Senate health care bill...."
Kane says the money saved by cutting the tax credits will be used to provide tax breaks for wealthier Americans.
The plan would allow health insurers to charge older people more than younger people as opposed to the current cap of three times under the Affordable Care Act. Insurance officials have said the higher cap is in line with the actual cost of insuring people who are 55 and older. The Republican plan also provides tax credits tied to a person’s age and not the cost of insurance. The tax credits would not offset the increase in premiums.
