30 million Americans could be hit by health insurance penalty under GOP Obamacare replacement
CNBC ------ The leading Republican plan to replace Obamacare could end up with many more people being penalized — and for more money — for failing to have health insurance than are currently fined under the current system. A new analysis finds that 30 million Americans are at risk of the financial penalty for failing to maintain continuous health insurance coverage that is contained within the bill, dubbed the American Health Care Act. The Republican plan would require anyone who has a lapse in their coverage of longer than 63 days in the prior year to pay their insurer a penalty equal to 30 percent of the premium of the individual or small group health plan they are purchasing. The Commonwealth Fund, which produced the analysis, said there were 30 million working-age adults who reported having a gap in insurance coverage that was longer than three months. To learn more click on the picture below to read the article.