There has been a lot of talks lately about Trumpcare and Obamacare. But what exactly are the differences between the two? And which one is better for you? Here’s a breakdown of the pros and cons of each.
What is Trumpcare?
- Trumpcare is the name given to the American Health Care Act, which was proposed by House Republicans in March 2017 as a replacement for the Affordable Care Act (ACA).
- The AHCA would have repealed many of the ACA’s provisions, including the individual mandate, subsidies for private insurance, and Medicaid expansion. Trumpcare would also have allowed insurers to charge higher premiums to people with preexisting conditions.
- The bill was ultimately withdrawn in July 2017 after it became clear that it did not have enough support to pass in the Senate. Trumpcare has been widely criticized by Democrats and some Republicans, who argue that it would have caused millions of people to lose their health insurance.
What is Obamacare?
Obamacare is a term used to refer to the Patient Protection and Affordable Care Act, which was signed into law by President Barack Obama in 2010.
- The Obamacare health insurance reform law implements a number of changes to the private health insurance system in the United States. Obamacare requires all Americans to have health insurance, provides subsidies to help make coverage more affordable, and expands Medicaid eligibility to cover more low-income Americans.
- In addition, Obamacare requires all insurance plans to offer a minimum level of coverage and prohibits insurers from denying coverage or charging higher rates to people with pre-existing medical conditions.
- Obamacare has been the subject of much debate since it was enacted, and its implementation is currently being challenged in the courts. However, the Obamacare health insurance reforms have had a positive impact on millions of Americans who now have access to affordable health care coverage.
Difference between Trumpcare and Obamacare
Trumpcare and Obamacare are two of the most divisive topics in American politics today.
- Trumpcare is the name of the American Health Care Act, which was proposed by House Republicans as a replacement for Obamacare.
- While Trumpcare would maintain some of the key provisions of Obamacare, such as allowing young adults to stay on their parent’s health insurance plans until they turn 26, it would make significant changes to the way that the program is funded and administered.
- Trumpcare would also repeal the individual mandate, which requires all Americans to have health insurance or face a tax penalty.
In contrast, Obamacare remains in place, and its key provisions are still in effect. Trumpcare has yet to be passed by Congress, so for now, Obamacare is still the law of the land.
The main difference between Trumpcare and Obamacare is that Trumpcare does not require people to have health insurance. Under the Affordable Care Act (ACA), also known as Obamacare, all Americans are required to have healthcare coverage or face a tax penalty. Another major difference is that Trumpcare allows states to waive certain provisions of the law, including the requirement that insurers cover essential health benefits. This could lead to plans with much higher deductibles and fewer benefits. Finally, Trumpcare would end Medicaid expansion in 2020, while Obamacare expanded Medicaid eligibility up to 138% of the poverty line.