The amazing thing is that nobody really knows what Donald Trump’s Healthcare plan entails.
House Speaker Paul Ryan has suggested a more detailed plan called A Better Way. He suggests the following: –
Protection for Patients
His plan will ensure that no American can be rejected by a Health Insurer. This is regardless of health status.
Dependents up to the age of 26 would be able to remain on their parents’ plan. Such a reform would therefore help younger Americans to receive healthcare coverage. This would furthermore stabilize the market. The practice of imposing lifetime limits on individual coverage would be stopped.
Insurers will not be allowed to unfairly overturn any American’s healthcare protection due to the insured’s failing health.
Continuous Coverage Protection
If a person suffers a serious health episode, he or she would not be debited more than standard rates. This safeguard thus applies to all who remain enrolled in a health insurance plan. It applies even if the individual is switching from employer based health insurance to the individual market.
Legal provision was made in 1996 that offers pre-existing condition safeguards when an insured moves from one job to another. Insurers would rate individuals each time they enrolled in a new plan. The result was a hike in premium costs for individuals and families.
The 1996 HIPAA (Health Insurance Portability and Accountability Act) encourages Americans to enrol in health insurance and remain enrolled.
A plan to ensure reasonable premiums is to fix the age-rating ratio. In Donald Trump’s Healthcare plan, premium amounts are adjusted according to an individual’s age. The cost of an older individual’s plan should not exceed five times that of the premium of a younger person.
Before 2010 most states were using this five-to-one ratio. Obamacare mandates a three-to-one ratio. This ratio is leading to insurance pools with older, sickly people. Furthermore, younger and healthier Americans are being discouraged from enrolling in the insurance market. States would be allowed to adjust this ratio according to their residents’ needs and wants. Young people would thus be encouraged to purchase and maintain health insurance.
State Innovation Grants
First proposed in 2009, this plan provides a minimum of $25 billion for State Innovation Grants. These grants may be given to States for developing effective reforms. This makes health insurance more affordable and accessible. Certain targets must be achieved in the following areas: reduction of individual premiums, small group premiums and the number of uninsured in the State. Grants are rewarded on a sliding scale. This concept has been shown to reduce costs.
One-time Open Enrolment
This fair plan gives the uninsured person the opportunity to join the health insurance sector, regardless of their state of health. All options are available. Should an individual not enrol at this time, he/she/they may enrol at some future date. However continuous coverage protection will be forfeited. Increased coverage costs will be incurred.
Protecting Life and Conscience Rights
Doctors, nurses, hospitals and other healthcare providers are given protection from unfairness and intimidation when exercising their conscience. The Weldon Amendment approves this safeguard annually. States which victimize any individual or entity in this manner are barred from receiving federal funding.
Ensuring Taxpayer Dollars are Not Used to End Life
This provision known as the Hyde Amendment ensures that taxpayer dollars are not used to fund the cost of abortion. Obamacare broke this bipartisan agreement. Paul Ryan’s health insurance proposal would protect taxpayer dollars by abiding by the Hyde Amendment.