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The New GOP Medicare Plan

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The GOP unveiled their plan to repeal and replace the Affordable Care Act or more commonly known as Obamacare. Obamacare made sure insurance policies couldn’t discriminate against sick people, everyone has to buy health insurance, and it made health insurance possible for those who can’t afford it.

For seven years, the GOP had talked about repealing the Obamacare act- it’s a pretty big deal that this is happening. Now a person might ask, why didn’t they replace Obamacare sooner? If the GOP had repealed Obamacare without a replacement plan, according to CNN, 21.1 million people would be without any insurance at all. So what does this new plan mean for Americans?

The new GOP medicare plan agrees to discontinue Medicaid Expansion after 2020, replace subsidies with capped refundable tax credits, and repeal individual mandate. For those of you who don’t follow politics, Medicaid expansion means that a larger group of people can receive insurance for less. This works because the government raises taxes on the richest 1% of the country to give to the poorer 40% of the country. It’s kind of like a Robin Hood situation- taking from the rich and giving to the poor. So why would Trump want to rid America of Obamacare?

Republicans and conservatives will argue many things against Obamacare. When the act was first initiated, people called it “the most dangerous piece of legislation ever passed.” Republicans will argue that the redistributive properties of Obamacare mess with the private patient- doctor relationship. Next, they argue that Obamacare is the beginning of market failure. According to The Economist, a website featuring in world news, politics, economics, and financing, many insurers are losing money on the exchanges because the customers are older and weaker than they expected, which also raise the price of insurance. Higher insurance scares younger, healthier people away, therefore causing insurers to lose more money. This will be a never-ending cycle eventually leading to a crash. Lastly, Republicans fear the socialist aspect of the nationwide medicaid. The term “socialised medicine” came in the 50’s when Harry Truman attempted a plan similar to Obamacare. The fear of communism at the time took the term and flipped it upside down; it spread a fear of the method all over America. The term stuck and there has been heavy resistance towards ideas similar ever since.

Maybe this new plan will work… but maybe just as many people will hate it as many people hated Obamacare. Whatever happens, let’s hope the Republicans know what they’re doing and pick the best thing for America. This plan is not set in stone. Even as you read this article, the bill is being picked apart and trying to be made better.

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3 Comments

3 Responses to “The New GOP Medicare Plan”

  1. Melanie Karmel on March 12th, 2017 6:33 pm

    Great informative article.

    [Reply]

  2. Colin Hatton on May 11th, 2017 10:47 am

    I’m not really sure why any common person wouldn’t want universal, single payer healthcare. I understand that its complicated and there is a lot that goes with such a big change like that, but ultimately, in my opinion, it would be very obviously for the better ultimately. If every other developed nation can do it, there’s no reason we can’t. The United States is a country, not a company.

    [Reply]

  3. Colin Hatton on May 11th, 2017 10:48 am

    Some of my word usage was redundant but you get the point.

    [Reply]

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Lewis Cass High School, Walton, Indiana,
The New GOP Medicare Plan