Ross: This is as generous as Trump’s health care bill will get

President Donald Trump tweeted about his new health care bill this morning. The tweet indicated it is still a work in progress.

Our wonderful new Healthcare Bill is now out for review and negotiation. ObamaCare is a complete and total disaster – is imploding fast!

— Donald J. Trump (@realDonaldTrump) March 7, 2017

So what’s changed? The subsidies are gone and they’re being replaced by tax credits to help you pay your premiums. The largest credits go to families making up to $75,000, after that, they taper off.

One thing I’m pretty sure of is that this is as generous as it will get.

Related: When Obamacare vanishes, watch for the fine print on Trumpcare

“The question now is can GOP leaders win over conservatives who want deep cuts to Medicaid and oppose the low-income tax credits. Without their support, the bill will go nowhere,” CBS’s Nancy Cordes explained.

So, if anything, the pressure on the Republican side is to get rid of the middle-class tax credits altogether. Under Obamacare, the subsidies typically cut premiums in half.

Also, the IRS will no longer enforce the mandate, so you don’t have to buy insurance if you don’t want to.

But, to prevent people from waiting until they’re sick to sign up if you let your insurance lapse for 63 consecutive days or more, you could still buy insurance, but even if you’re healthy, your monthly premiums would jump by 30 percent and stay there for a full year.

If you’re poor and you get Medicaid, that will probably be cut back, but so far it’s hard to say what the effects will be because it will depend on the state. Health analyst Larry Levitt says if you’re near the poverty level, you’ll feel it.

“Low-income people would get substantially less help in buying insurance and reduced funding under the Medicaid program would make it difficult for states to provide the kind of benefits they do today,” Levitt said.

There has been no mention of the promise of being able to buy insurance across state lines so you can shop for the lowest price, but the president tweeted out this morning that he hasn’t forgotten — we’ll see that feature in phases two and three.

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