MN03 Erik Paulsen’s Daughters Could Be Big Winners In His American Health Care Act of 2017

The following article by MNCentral was posted on the MNPoliticalRountable website March 14, 2017:

Gosh, it seem like just yesterday that the candidates were in campaign mode … announcing their vision and goals …

Q: Why are you seeking election to the 3rd Congressional District?

Washington has been on the wrong track for far too long, and it is critical that we enact real, meaningful reforms that will put people back to work, while finally putting our nation on track for a sustainable economic recovery so that we can provide a healthy fiscal future for our children and grandchildren.

Q: What are the top two or three priorities for the district in the coming year, and how would you address them?

Minnesota families and small businesses deserve a government that spends its money as wisely as they do, but Washington is growing government and spending into a debt burden we may never recover from. Our economy is not performing as well as it should. We need to reform the tax code so it is simple, fair and competitive and eliminates special interest loopholes. The American people deserve transparency, accountability and positive solutions that bring results to get things done. I want my four daughters to grow up in a world that is safer, cleaner, healthier and full of hope and opportunity.

 

… and now, it seems that Minnesota’s Third District Congressman Erik Paulsen might achieve one.

Having acknowledging that Congressman Paulsen has not been a supporter of ObamaCare and regularly has voted to defund, his most recent vote was in favor of his replacement plan — the American Health Care Act of 2017.

And with most legislation, there are winners and losers … the losers are evident in the Congressional Budget Office report (highlights below) :

CBO and JCT estimate that, in 2018, 14 million more people would be uninsured under the legislation than under current law.

Later, following additional changes to subsidies for insurance purchased in the nongroup market and to the Medicaid program, the increase in the number of uninsured people relative to the number under current law would rise to 21 million in 2020 and then to 24 million in 2026.

The market for insurance purchased individually (that is, nongroup coverage) would be unstable

In 2018 and 2019, according to CBO and JCT’s estimates, average premiums for single policyholders in the nongroup market would be 15 percent to 20 percent higher than under current law

BUT … there are winners … yeah, like the insurance companies CEOs like Aetna ($16.3 million), United Healthcare ($14 million), Anthem aka Blue Cross ($13.1 million) etc … tallying a reported $400 million once all the executives are included… thus it was not a surprise that Anthem CEO Joseph Swedish penned a letter of support to Congressman Paulsen’s Ways and Means Committee that “the new reforms would benefit insurers.

BUT most of us are not CEOs … we’re just ordinary families with kids … a vision for a better future for them — just like Erik Paulsen.

Remember Erik Paulsen has four daughters … ranging in ages from 24 to 15 … and that under ObamaCare, they can all stay on his Congressional subsidized Gold Plan until the age of 26.

The good news is that under Congressman Paulsen’s AHCA, they can still stay on their parents’ plans … but it could be even better.

Under the AHCA, refundable tax credits are available for everyone who earns under $75,000 (or $150,000 for a married couple) … and insurance companies can charge older workers an “age tax” — five times what they charge younger workers (ObamaCare offered subsidies, provided more extensive benefits and limited the “age tax” to three).

CBO evaluated how a 21-year-old who earns $68,200 stands to benefit from AHCA … and it is a lot.
Under ObamaCare, this 21-year-old earns too much money to qualify for financial help to purchase insurance. The GOP plan, however, gives tax credits to anyone who earns less than $75,000 — meaning this person would receive $2,450 to help buy coverage. The plan would be a bit skimpier than those offered under Obamacare, but it would also be a whole lot cheaper.

Thus the winners could be Erik Paulsen’s daughters … although it is true that they could stay on Congressman Paulsen tax-payer provided healthcare until they reach the age of 26 — unless he is voted out of office in 2018.

By the way, the CBO report shows that AHCA is fundamentally a redistribution from the poor to the wealthy.
CBO expects that a 64-year-old who earns $20,000 would see the premiums rise from $1,700 to $14,600 under the Republican plan — a 758 percent increase.
Yep, Congressman Paulsen envisions a better world for his daughters while older workers can be expected to spend more than half of their annual income on health insurance.

Why don’t you give Congressman Paulsen a call –952 405-8510 — and tell him what you think about his “real, meaningful reform” ideas that do not favor any “special interests”.

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