Wednesday, February 1, 2017

Let Me Guess: The Republicans Replacement Plan for ACA

The republicans have been trying to repeal the American Care Act since it was passed (60+ times in fact). Now that they have control and have already started with some rushed executive orders, they will most likely succeed. Of course they are saying that they will have a "better" plan to replace it and they will probably spin and sell a plan that everyone will believe is in everyone's best interest.

Here is what I believe they will give the American people and the republican supporters will think it is great...Annual rebates, yep that is their plan, everyone will get $750 (per person in your household). You will be able to use this money towards any health plan of your choice, and since there is no requirement to have health coverage you can do anything you want with the money (maybe that new upgrade on a few kitchen appliances, a new gun for the collection, pay off the holiday purchases on the credit card, maybe a nice long and well deserved weekend away), whatever the skies the limit.

Now lets look at the cost of this masterful plan and what it will all cost. Currently the approximate number of people that "were" forced into the healthcare marketplace is about 47 million. The number of people that still get healthcare from their employer is about 150 million. The total number of people in the Medicare and Veteran's systems is about 105 million. Adding that all up is around 302 million and about 20 million unaccounted for still in the US population.

So 302,000,000 times $750 is 226.5 billion dollars in refund monies. But lets be realistic about this, everyone knows that the republicans are not going to give rebates to those on Medicare and Veterans, so we can take that 105 million out of the equation, lowering the cost of the rebates to $147.75 billion. That is still higher than the projected average of $22 billion per year that the current system cost. Now we could lower the cost of the replacement plan by another $112.5 billion by not giving a rebate to those that get health insurance through their employer, this would bring the cost of the rebate program down to $35.25 billion. But those 150 million that get health insurance through their employer are hard working and deserve the rebates too, so we will leave that in, it is only fair...

So the $147.75B that will be added into the annual budget is so much better than the current $22B....now add the cost the government will have to cover for the uninsured that now come through the medical system because insurance is no longer a requirement...

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