"The Republican health care bill would not affect Americans equally. Older, poorer people would see big reductions in coverage and cost increases, according to a report from the nonpartisan Congressional Budget Office. This first step in the GOP plan to repeal and replace the Affordable Care Act, also known as Obamacare, would also create a modest deficit reduction."
"The proposal introduced by Republicans would allow insurance companies to charge older adults five times what they charge the young. Analysts call this an “age band”. At the same time, the bill would reduce subsidies to all Americans, distributing them by age to everyone who earns less than $75,000 a year individually or $150,000 for a couple."
"That may sound like a philosophical difference, until you get into the arithmetic. Young Americans would be eligible for up to $2,000 in tax credits, and older Americans would get double, topping out at $4,000. But with just twice the tax credit, and up to five times the charges from insurance companies, older adults could be left to foot the bill."
(In other words prime voters. Seems like a turkey of a proposal.)
"The Feb. 10 document follows the broad policy outline released by Republicans last week just before they went home for a Congressional recess. It proposes cuts to federal payments to states that have expanded Medicaid and offers tax credits for people to buy health insurance."
"This would mean fewer people could afford health insurance and that the health insurance would likely cover less," says Larry Levitt, senior vice president at the Kaiser Family Foundation.
Sounds a lot like the health insurance market. Businesses should be required to post their prices so people can shop around.