66% premium increase for age 50+ under Senate GOP health care bill
"The Senate Republican health care bill, announced today, contains the language letting insurers raise premiums by 66% on people age 50 to 64. (At age 65 you can go on Medicare.)
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This is the same language contained in the House Republican health care bill, which is bad news, as it means the provision is more likely to become law.
Specifically, the Republicans are watering down a provision of the Affordable Care Act (also known as Obamacare) that premiums for people 50 and up can only be three times premiums for young people.
Under the House and Senate Republican plans, that number is being raised to five times. Which is a huge difference.
GOP Senate leader Mitch McConnell had his staff write the bill in secret.
Let’s say, for example, that a young person is paying $250 per month for insurance. The same insurer can therefore charge someone age 50+ $750 per month, or three times the lowest premium. Under the new GOP plans, insurers can can charge older Americans five times what they charge younger Americans, or in the example I provide, someone age 50-64 who now pays $750 per month in premiums could see their premiums rise to $1,250 per month, a 66% increase.
Here’s the specific language in the Senate bill. Note where it mentions the “5 to 1” ratio:..."
http://americablog.com/2017/06/66-premium-increase-age-50-senate-gop-health-care-bill.html