Keeping retirement weird. TrumpCare is Soylent Green.
Good morning from Brooklyn.
We are here to celebrate Anne’s birthday with kids and grandkids. So not even Donald Trump can put me in a bad mood.
Episode #6 of the podcast of Hitting Left with the Klonsky Brothers is in the can. It is an hour-long convo with tenth ward Alderwoman Susan Sadlowski Garza and I think it is good one. You can subscribe to our weekly show at Liberated Syndication or iTunes.
One of my trolls wrote this morning to comment on our show saying nobody cares. He must care, since he writes me daily. And the number of subscribers is growing every show.
Let’s talk about TrumpCare, the dismantling and replacement of the Affordable Care Act and its potential impact on seniors.
The New York Times’ Paul Krugman wrote in Friday’s paper, “Affluent young people might end up saving some money as a result of these changes. But the effect on those who are older and less affluent would be devastating. AARP has done the math: a 55-year-old making $25,000 a year would end up paying $3,600 a year more for coverage; that rises to $8,400 for a 64-year-old making $15,000 a year. And that’s before the death spiral.”
What is the “death spiral”?
Soaring premiums and collapsing coverage.
TrumpCare would allow insurers to charge older customers up to five times as much as younger customers.
The costs could be even higher for older people in blue state regions, where the cost of living is higher. The new legislation would give a flat amount for subsidies to buy coverage based on age, as opposed to their income, and the cost of insurance in their area, as with Obamacare.
Two of the biggest tax cuts in Republican proposals to repeal the Keeping retirement weird. TrumpCare is Soylent Green. | Fred Klonsky:
