Coverage Lapses News Today

Companies, no mandate, no waiting period if the coverage lapses for any american. rand paul was a no vote before the meeting yesterday at the white house. he is with us live now from capitol hill and senator good morning to you. you met with the president as well yesterday. i just rattled off a number of ideas that you have now for the senate majority leader. your colleague in the literal sense from the state of kentucky. has he given you an audience on these ideas, senator? >> we havent heard f...

Theres no guarantee on that as is in the current plan. whats in with the current plan, the age-based tax credits, penalties for coverage lapses, high risk pools. so and then the list goes on. how would you compare these plans? >> well, i think, you know, as paul krugeman said it best, this is obamacare version 0.5, based on every dimension takes affordable care act and makes it worse. take one example, the tax credits, seems obscure but important to understand. under obamacare its set up so a lo...

Big changes that would make you perhaps support them? >> you know, one baseline president obama and the house and senate democrats should get credit for is protecting people with pre-existing conditions, not putting that uncertainty across the country. i also believe that making sure that young people can stay on their parents coverage up until the point they are 26 it. under this bill, if your coverage lapses as a young person, you could be charged up to 30% more for a lapse in coverage and rig...

Preconditions thing? >> yeah, i think the conservatives ran on the notion of pulling up obama care by the roots and having a perfect free market sin. that is a lot of money, and part of the thing was they were spending too much money on health care and now they added $8 billion. >> no, but the idea is the reason you have the option for states to apply for raifrs it you would allow them to suspend -- you could charge people more money. that is the danger. they would have to pay more money if thei...

Millennials today are moving from job to job to chase economic opportunity. and insurers can charge a 30% surcharge if your coverage lapses. this is bad for everybody. we hope they come back to us and do everything to improve the affordable care act but this is going down in flames. >> do you think this vote is going to happen tomorrow in the house? >> they are rushing it for a symbolic reason, not because theyve been working or collaborating over it. they want to repeal it on the seven-year ann...

Congressman david suslini. what in the replacement bill are you opposed to? >> the replacement bill is a great deal if youre an insurance company or drug company or one of the wealthiest people in this country but for hard working everyday americans its a terrible deal. you just made reference to the preexisting conditions that only is available if you have continuous coverage. if your coverage lapses they can impose additional costs but this is a program which is a huge giveway so the wealthies...

Lifts the tax burdens on wealthy insurers and prescription drug manufacturers. that means that employers dont have to cover you the way they did under the aca. what does that mean? well discuss. insurers can levy a 30% surcharge on premiums if coverage lapses. this is a trade on the mandate. if you go a certain period without coverage youll get a penalty and that replace the mandate that is economically politically debatable. well get into it. david drucker, those on the hill from the gop, they ...

That would mean grappling with the reality of reforming health care, and not just throwing stones from the sidelines, that is why i have been saying and i will say again, the republican alternative to obama care is a unicorn. its beautiful, its mythical and it does not exist. joining me now, the president of the center for american progress. what do you think, are we going to see a real republican alternative to obama care? >> actually, the republican alternatives that have circulated in the pas...

If you have a autoinsurance with a carrier for a long period of time you get a discount. if that coverage lapses, you lose the discount and it is not portable and you cant take to other companies. if you are in the military and dont need a car in afghanistan, you come back to california, you have lost that discount. prop 33 was written by an army major in large part to help the military by insuring that one, if you are in the military and deploy over seas, you dont lose persistency discount. >> ...

Healthcare. theres no mor income-based subsidies that help americans pay for medical insurance. instead, theres tax credits in the ball to give people money to buy insurance on the open market. some analysts say the credits will provide less money to people with lower incomes. many conservative republicans are unhappy with the entitlement. but jason chaffetz says americans have to save money fo the new iphone. among the changes, trumpcare repeals obamacares individual mandate, which imposes pena...