GOP health plan could change coverage for thousands in NJ
The Republicans' new American Health Care Act could change health coverage for thousands of people in New Jersey.
Republicans released their plan Monday to replace the Affordable Care Act. Democrats say it is just forcing people to pay more for "worse coverage."
The plan would put an end to the fines on people who do not carry health insurance and would replace income-based premium subsidies with age-based tax credit. The subsidies payments would then phase out for individuals making $75,000 or more or couples earning $150,000 or more. The plan would also continue the expansion of Medicaid to more lower-income Americans until 2020.
Jon Whiten, of Highland Park, has family insurance under the Affordable Care Act. He relies on the insurance to help pay for his son's type 1 diabetes medication. He says it looks like his family will maintain similar coverage under the GOP's plan. Some New Jersey residents are concerned the new plan could cause rates to skyrocket. Jerome Montes, who represents small businesses with the New Jersey Main Street Alliance, believes the government is playing with fire.
"The more people you have in the pool the better you can spread out costs," says Montes. "If you're unable to spread out costs, then premiums rise for everyone."
Repealing "Obamacare" was one of President's Donald Trump's promises from the very beginning of his campaign.
House committees plan to begin voting on the legislation Wednesday.