By BRIAN KILMEADE A new policy by the House of Representatives will cut off Medicaid and subsidies to the ACA health insurance exchanges and force insurers to offer more expensive plans for older adults.
House Republicans unveiled the legislation Friday, which would force insurers on the federal exchanges to charge older Americans up to $7,500 for coverage, according to the House Ways and Means Committee.
That would cost insurers millions of dollars annually, said Tom MacArthur, president of the conservative Club for Growth, which represents most House Republicans.
The policy also will end funding for the ACA’s expansion of Medicaid, which will expand coverage to millions of Americans who currently qualify for Medicaid.
That program provides subsidies to help pay for private health insurance.
The ACA has expanded coverage to more than 5 million Americans, but the Trump administration has said it’s not working to enroll people.