Now that House Republicans have succeeded in approving a bill to replace the Affordable Care Act, otherwise known as Obamacare, the consequences of doing so are hitting home for a lot of people.
Compared to ACA, proposed changes include phasing out the expansion of Medicaid, leaving it up to the states for funding the federal-state program of health insurance for the poor; ending cost-sharing subsidies for private health care; increasing prices of premiums; and letting insurance companies charge older customers as much as five times more than younger-and healthier-individuals.
Backlash has ensued, armed by the Congressional Budget Office’s estimate that 24 million Americans will be affected by the change, leaving them without health insurance by 2026 and cutting $880 billion from Medicaid over a decade. Local Jewish agencies, while relatively measured in their responses, are similarly concerned.
There isn’t an easy solution to the nation’s health care affordabililty crisis, but Jay Spector, President and CEO of JEVS Human Services, said repealing ACA is “devastating.”
Read more about the impact of the proposed changes and CEO Jay Spector’s views on Medicaid in The Jewish Exponent.