If US President Donald Trump is to be believed, ObamaCare is on the way out. Trump posted another tweet over the weekend, expressing his confidence about repealing the Affordable Care Act (ACA), commonly known as ObamaCare. In its place the new American Health Care Act (AHCA) is intended to replace it. The details of “TrumpCare” are already in the process of being hammered out.
In his March 10 Weekly Address, Trump promised that the new plan would offer “freedom, choice, and opportunity” for the American people.
However, public response to the AHCA continues to be extremely mixed, if not outright critical. Could this be what America needs to be great again? Or will this make America sick again?
We are making great progress with healthcare. ObamaCare is imploding and will only get worse. Republicans coming together to get job done!
— Donald J. Trump (@realDonaldTrump) March 11, 2017
The Rich Getting Richer
The primary concern for many American citizens is the way that TrumpCare’s proposed tax cuts would affect the different classes. The tax cuts would technically be in place for everyone, yes. However, they would be biggest for the wealthiest of families, with millionaires seeing their taxes cut by $50,000.
It would eliminate net income tax on investments, and Additional Medicare Tax – both of which only affect those at the top of the income ladder.
As shared the Washington Post, Senate Minority Leader Charles E. Shumer challenged the notion of the proposed healthcare plan revisions, saying, “TrumpCare is really a tax break for the rich, not a health care program… They talk like populists, but act for wealthy interests.”
Meanwhile, TrumpCare intends to replace government subsidies with tax credits. However some of the elderly of the lower income classes may wind up seeing their tax credits go down:
— Cynthia Cox (@cynthiaccox) March 7, 2017
A minority also opposes the AHCA provision to slowly phase out federal funding to Medicaid. While the current proposal would extend Medicaid funding all the way until 2020 – an apparent compromise, as opposed to immediately blocking it altogether – half of Republicans still oppose the defunding.
Freedom Of Choice?
For those who support TrumpCare, some of its potential benefits still stand out. For instance, the mandate to enroll will be cut. Those who do not want or need to spend for insurance will be free to avoid doing so. Under ObamaCare, those who refused insurance could faces penalties – a condition that many saw as problematic.
The TrumpCare model also basically takes the responsibility of HealthCare from the government’s hands and puts it back into the private sector’s. In an ideal situation, this would allow for competition, driving costs down for its pool of consumers.
What do you think of the plan to repeal ObamaCare? Hit us with your thoughts in the comments below!