For many older Americans, costs rise under GOP health plan

Older Americans, particularly in areas that voted for Donald Trump, could see their health insurance costs increase to the point where they are no longer affordable.

NEW RINGGOLD, Pa. (AP) — Among the groups hardest hit by the Republican plan to replace the Affordable Care Act is one that swung for Donald Trump during last year’s presidential race — older Americans who have not yet reached Medicare age.

Many of those who buy their own health insurance stand to pay a lot more for their coverage. That is especially true for the nearly 3.4 million older Americans who have enrolled through the government marketplaces, many of whom receive generous federal subsidies through the health care law enacted under former President Barack Obama.

Health care experts predict those older adults will end up buying skimpier plans with lower coverage and higher deductibles because that’s all they will be able to afford. The Republican plan replaces the subsidies in the Affordable Care Act, which mostly benefit low- and middle-income earners, with a flat tax credit that does not take into account income or local insurance prices.

READ MORE HERE: For many older Americans, costs rise under GOP health plan

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