Politics

Does the American Health Care Act help the wealthy? Here’s what we found:

Verdict: MIXTURE

Many reports from news outlets over the past few days on the American Health Care Act, the Republican proposed bill that would replace the Affordable Care Act signed into law in 2010. Some have suggested that the bill only benefits wealthy Americans, rather than the rest of the country. The proposed bill to replace Obamacare cuts taxes on Pharmacutical companies and wealthier individuals, a component that helped pay for the Obamacare law. This does mean that wealthier individuals will pay less, if they are healthy. Young people who are not in the top 1% also save on health insurance, with a up to $4,000.00 in savings under the AHCA. They will also recieve a $2,000.00 tax credit. Older individuals will still pay more for care, although at this point in time, it’s unclear how much more. Top income bracket individuals will also be able to claim a tax credit to pay premiums on care that they would otherwise not be given. Our findings to show that the new bill will cut expenses for the wealthy, but it does also cut expenses for every other income & age category from the current healthcare law.

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