Graham-Cassidy Bill Allows Insurance Companies To Raise Premiums When You Get Sick
The new GOP attempt to cut health care benefits for Americans is the “Graham-Cassidy” bill, written by Republican Sens. Lindsey Graham of South Carolina and Bill Cassidy of Louisiana, who are both covered by government healthcare.
The Graham-Cassidy bill ends millions in subsidies that help Americans purchase insurance, ends Obamacare’s Medicaid expansion by 2027, phases out regular Medicaid funding, repeals the individual mandate, and allows health insurance companies to raise premiums on people the moment they get sick, notes ThinkProgress.
The Center on Budget and Policy Priorities says that repealing the individual mandate would “raise the number of uninsured by 15 million relative to current law in 2018 and increase individual market premiums by 20 percent.”
Andy Slavitt, the former head of Centers for Medicare and Medicaid Services, estimates that 32 million people will lose health insurance in the next decade if Graham-Cassidy becomes law.