Admit it: Republicans’ proposed Obamacare overhaul offers relief for some middle earners

WHAT is the best part of House Republicans’ proposed reform of Obamacare? There isn’t one, if you believe much of this week’s commentary. The bill will benefit the young and healthy, by bringing their premiums down, but only at the cost of the old and sickly. But most writers are overlooking the help the bill would offer to one group that has clearly suffered unfairly under Obamacare. So long as Paul Ryan’s reform does not send the market into a death spiral—which is not a sure thing (see article)—this group will get some needed financial assistance under the Republican plan.

I’m talking about people who buy health insurance for themselves, rather than through an employer, and who do not get the subsidies which shield those on low incomes from Obamacare’s high premiums. It is easy to overlook this group, because the vast majority of the 10m people who buy insurance through Obamacare’s websites (or “exchanges”) receive subsidies. For example, here is Jared…Continue reading

from Business and finance http://www.economist.com/blogs/freeexchange/2017/03/obamacare-s-squeezed-middle?fsrc=rss

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