Avik Roy Slams Paul Ryan Health Care Bill
ROY: "Yeah, so basically the challenge there is that the plan basically has this flat tax credit that offers about $3,000 for a middle aged person to buy health coverage that they want. It sort of phases out now if you make six figures or so. The problem with that is that level of assistance isn’t enough for people who are really, really poor whose incomes are just above the poverty line. It's not enough for people who are really sick who otherwise would face really high premiums. So what the Paul Ryan plan is going to do is it’s going to increase subsidies for high income people who don’t need the help and it’s going to decrease assistance for people who are low income or sick and price them out of the market and lead to millions of people not being able to afford health insurance."