Hardest hit cities from GOP health plan
Cities with the biggest reduction in subsidies for median-income family filing a joint tax return would be: 1. Yuma, Ariz., down $7,815 2. Anchorage, Alaska, down $7,748 3. Syracuse, N.Y., down $6,398 4. Reading, Penn., down $6,149 5. Chattanooga down $5,786 Source: WalletHub.
Chattanooga would be one of the hardest hit cities in America for the drop in financial help in buying health insurance under the Republican health care plan moving through the U.S. House of Representatives, according to a study released today.
WalletHub analysts estimate a median income family filing a joint tax return and buying individual health insurance on the exchange marketplace in Chattanooga would see a $5,786 reduction in premium support by the government under the GOP-backed American Health Care Act compared with the Affordable Care Act, or ObamaCare.
WalletHub said Chattanooga was the fifth hardest hit city among the 457 U.S. cities analyzed using data from the Congressional Budget Office and the Kaiser Family Foundation.
For Chattanooga, the study said the median income family would receive a $5,000 tax subsidy under the GOP plan, which is less than half of the $10,786 subsidy such a family now gets under Obamacare.