Thread by @charles_gaba

📣 THREAD: @JoeBiden is rolling 2 major #ACA2.0 provisions into the #AmericanRescuePlan! 1/
acasignups.net/21/01/15/joe-b…

Along with a whole mess of other important stuff, the #AmericanRescuePlan also includes two key parts of Biden's larger healthcare plan (with the remainder to be included in a later bill after he, you know, actually takes office):
1. #KillTheCliff
2. #BeefUpTheSubs 2/

Currently, #ACA enrollees pay between 2-10% of their income in premiums up to 400% of the federal poverty line (FPL)...but if you earn more than that (around $51K/yr if you're single; around $105K/yr for a family of four), you receive *no* assistance & have to pay full price. 3/

Under the #AmericanRescuePlan, net premiums would drop to between 0 - 8.5% of income up to 400% FPL...and no more than 8.5% over that regardless of income: 4/

What does this mean in real world terms? Here's 4 quick examples. The first two are based on avg. national 2019 premiums for a single 30-yr old and a single 60-yr old; the second two are based on 2020 premiums in Henrico County, VA for a family of 4 and a 60-yr old couple. 5/

For a single 30-yr old, on average, they'd save up to over $1,000/year depending on their income. Not earth-shattering, but not chump change either. 6/

For a single 60-yr old, on average, they'd save up to a whopping $6,500/yr depending on their income. The #AmericanRescuePlan would eliminate the #SubsidyCliff, arguably the single biggest complaint middle-class Americans have had about the #ACA. 7/

What about families & couples? For a family of 4 (40-yr old parents w/2 young kids) in Henrico County, VA, they'd save up to $10,300/yr (based on 2019 premiums). /8

Finally, here's the real jaw-dropper: A 60-year old couple in Henrico County, VA would save as much as...wait for it: $19,600/year. That's not a typo. 9/

These are a bit outdated, and actual savings would vary greatly depending on where you live, your household makeup/age etc, but you get the idea. The #AmRescuePlan doesn't include some *other* major parts of his healthcare plan which I laid out here... 10/
acasignups.net/20/07/23/biden…

...such as upgrading the benchmark plan from Silver to Gold (which would dramatically reduce deductibles/co-pays), the Public Option (which would also solve the #MedicaidGap problem) and a long list of other provisions...but it would check two boxes off out of the gate. 11/

Of course it doesn't matter how much you strengthen & improve the #ACA if the entire law is struck down by the Supreme Court, which is why I'm also strongly urging Congress to #MootTheSuit as well: 12/ acasignups.net/21/01/06/dear-…

There's a good chance SCOTUS will save the #ACA, but just in case, @HouseDemocrats, @SenateDems, @PresElectBiden & @KamalaHarris can #MootTheSuit via any of these simple bills:

1. ⬆️ the penalty back > $0
2. Clarify the mandate can be ✂️
3. ❌ the mandate language itself
/END