President Donald Trump’s signature healthcare bill would be the first in the history of the United States to cover more than $100 billion in healthcare insurance coverage.
The bill would require states to make available a range of healthcare plans to enrollees, with premiums based on a person’s income and cost of living, according to the White House.
If approved by Congress, the law would take effect in 2019.
The Congressional Budget Office (CBO) has estimated that the bill would cover an estimated 20 million people by 2026.
This number includes people who have insurance, but it does not include people who do not.
The legislation, known as the American Health Care Act, would expand the Medicare program for the elderly, create a $1 trillion fund for the construction of new healthcare facilities, and expand Medicaid to cover up to 200 million people.
Under the Affordable Care Act (ACA), individuals with pre-existing conditions and those with preexisting conditions with serious medical conditions can obtain coverage through Medicaid.
States would be required to provide Medicaid to people with pre_existing conditions who receive coverage through the ACA, which would cover the cost of the care and be reimbursed by the federal government.
The federal government would also pay 75 percent of the cost.
Under this legislation, the government would be allowed to cover 75 percent, and the states would be permitted to cap their Medicaid costs at 75 percent.
However, there are no details on how the federal Government would cover these costs.
The CBO estimates that the ACA would result in an additional 8 million uninsured individuals in 2026, according the Associated Press.
That number would increase from 8.2 million to 9.8 million if the number of people with health insurance increased to 5.5 million, according CBO.
States could opt to set up the federal Medicaid program as an option.
States could also opt to charge enrollees for their health insurance, according an Associated Press report.
States that did not expand Medicaid under the ACA and opted to provide an alternative to cover the costs of coverage could have a higher burden on the economy, according Brookings Institution Senior Fellow and Health Policy Analyst David Cutler.
This is a critical issue because we don’t have any solid estimates of how much healthcare costs in 2020 and 2026 would be, Cutler said.
Cutler said this uncertainty is likely to weigh on the ability of states to get out of the ACA program.
“States that don’t expand Medicaid can still charge a higher premium for the same health insurance than the ACA,” he said.
States will have to set a benchmark for the amount of health care coverage available, which will then be used to determine how much a state should pay.
States will be able to choose how much their residents pay, according AP.
“The states will have a much more difficult time setting premiums for their citizens if their residents don’t receive coverage,” Cutler said, adding that he thinks it is likely that states will face higher premiums for individuals because of the uncertainty surrounding the bill.