CHA News Article

Report Examines Coverage, Affordability Impacts Under Proposed BCRA

A new report from the National Academy for State Health Policy analyzes projected individual market coverage and affordability under the Better Care Reconciliation Act (BCRA), as introduced in the Senate last month. Intended to assist policymakers in understanding the bill’s potential impact, the report compares 2017 benefits, deductibles, and maximum out-of-pocket costs of silver plans offered in California, Ohio and Pennsylvania to a benefit design that would meet the benchmark plan value proposed in the BCRA.

According to the report, the deductible for a benchmark plan would more than double under the BCRA, increasing from $2,500-$3,500 individual deductibles and $5,000-$7,000 family deductibles to $7,350 and $14,700, respectively. In addition, the report finds the BCRA would result in less coverage and higher prescription drug costs. While the BCRA’s tax credit formula is projected to lower premiums for younger enrollees in some states, many consumers – particularly lower income and older consumers – would see higher costs.