Trump administration pushes Obamacare reform in Washington
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The Trump administration has returned to Washington to make their proposal to dismantle The Affordable Healthcare Act also known as Obamacare. “Now, I have to tell you, it’s an unbelievably complex subject” Trump said at a meeting of the nation’s governors at the White House. “Nobody knew healthcare would be so complicated” he added.
Republicans are arguing that the ACA is too costly to the government and replacing it will save the United States $2 billion dollars. According to the United States Healthcare website, since the ACA launched in 2010, 22.8 million Americans are newly insured.
Obamacare has several provisions that are beneficial to students. According to the ACA, dependents like children of a family or parent’s healthcare plan are now legally able to stay on those plans until they are 26 years old. This means that college students and even graduate students ranging from the ages of 18 to 26, can now remain on their parent or guardian’s health insurance plan.
Secondly, many students find that state exchange plans are cheaper than other options. State exchange plans are marketplaces where the government regulates health insurance companies to competitively price plans.
Lastly, for students that earn less than $46,000 a year or their families earn less than $94,000 a year, some states will expand their Medicaid services and provide tax credits to the student or family to purchase insurance.
For more information on how the potential reform could affect you as a student, please visit www.healthcare.gov for more information.