The Trump administration is putting forth a proposal to change how the federal poverty level is calculated. As a result this could cut healthcare benefits for millions of people according to analysis by the Center on Budget and Policy Priorities.
Details: According to the proposal the Office of Management and Budget would use a lower rate of inflation to determine poverty. The result would be the poverty limit would rise more slowly and fewer individuals would qualify for aid.
Behind the numbers: In 10 years, the change would result in:
- More than 250,000 seniors or people with disabilities either losing their eligibility for Medicare Part D’s low income subsidy program, or receiving less assistance from it.
- More than 150,000 seniors or people with disabilities losing assistance with their Medicare premiums.
- More than 300,000 children losing Medicaid and CHIP coverage.
- More than 250,000 people losing the coverage they gained through the Affordable Care Act’s Medicaid expansion.
- More than 150,000 ACA exchange enrollees losing all or some of their cost-sharing assistance.
- Tens of thousands of ACA enrollees losing their premium subsidies, and millions receiving smaller subsidies.