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You are here News Congress AARP: GOP repeal could raise seniors' healthcare cost by $16K a year

AARP: GOP repeal could raise seniors' healthcare cost by $16K a year

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GOP bill could cost seniors A new study Thursday by the American Association of Retired Persons found that the Republicans' proposed healthcare repeal bill could hike costs substantially for older Americans.

The Graham-Cassidy effort to repeal the Affordable Care Act "threatens to make health care unaffordable and inaccessible for millions of older Americans," the AARP report said.

On average, a 60-year-old earning $25,000 a year could see their healthcare payments rise by as much as $16,174 a year -- due to premiums and out-of-pocket costs, according to the study.

"The bill eliminates two sources of financial assistance -- premium tax credits and cost-sharing reductions -- critical to ensuring that low- to moderate-income older adults are able to afford the coverage they need," the report stated.

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