The ‘American Health Care Act’ Is a Wealth Grab, Not A Health Plan

Older Americans who don’t yet qualify for Medicare will certainly suffer. The Republican bill allows insurers to charge up to five times as much in premiums for people who are approaching age 65. The AARP found thatpremiums would rise by as much as $3,600 for a 55-year old earning $25,000 per year, $7,000 for a 64-year old earning the same amount, and up to $8,400 for a 64-year old earning $15,000 a year. Out-of-pocket costs would probably rise “significantly,” too.