Find out how the bill’s taxcredit cuts may a≠ect you
The Senate’s version of the GOP health care bill would reduce the amount the federal government provides in tax credits to help people buy health insurance by $424 billion over the next decade, according to the Congressional Budget Office’s report Monday.
What do these reductions mean in practical terms for Colorado?
For a 40-year-old making $50,000 a year, a midlevel “silver” plan on the state’s insurance exchange would cost:
• $1,930 more per year in Mesa County.
• $0 more per year in Denver.
• $910 more per year in Yuma County.
For a 60-year-old making $30,000 a year, the same level plan would cost:
• $3,230 more per year in Mesa County.
• $2,710 more per year in Denver.
• $2,820 more per year in Yuma County.
For a 27-year-old making $20,000 a year, the same level plan would cost:
• $700 more per year in Mesa County
• $550 more per year in Denver.
• $580 more per year in Yuma County.