Levin Statement: GOP Health Plan Will Raise Costs for Older Workers
WASHINGTON, D.C. – Rep. Sander Levin (D-MI) today responded to the Republican legislation to repeal the Affordable Care Act. The bill was voted out of the Ways and Means Committee early Thursday morning:
“The Republican repeal bill will hit older workers with a double whammy. It will raise their health insurance premiums at the same time it reduces their tax credits to help pay for that insurance.
“This week, Republicans voted in the Ways and Means Committee to replace the current tax credit for health coverage with one that will provide less assistance for most moderate and middle income workers who are near the age of 60, according to an analysis by the Kaiser Family Foundation. At the same time, Republicans in the Energy and Commerce Committee voted on a bill that would allow insurance companies to jack up insurance premiums for older workers.
“This is a toxic combination for older workers needing affordable health care.”