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Repeal, replace, fix, whatever: The pros and cons of healthcare reform for millennials

(AP Photo/Charlie Riedel)

The expense of healthcare has become more noticeable for millennials, as many have entered the workforce and started to live independently of their parents in the last few years. The Affordable Care Act has hardly been a solution to this burden. Now, the American Healthcare Act presents its own drawbacks.

The CBO makes the claim that 22 million people will “potentially” lose healthcare coverage, but that does not specify whether the coverage loss is voluntarily or obligatory. It is also hard to trust the CBO because it did not accurately predict the 6 million that lost coverage from the implementation of Obamacare.

Based on what we know, let’s consider the cons should the bill move forward:

Premiums will go up just as they did with Obamacare. Increases are projected to continue to rise for the next two years. This will continue to be a hardship for millennials who are not on Medicaid.

Participation in Medicaid will increase. For those having to consider alternatives due to the rise in premiums, Medicaid enrollment will increase. Millennials who are not on Medicaid will either see an increase in taxes or deductibles to compensate the expansion.

Finding employment will continue to be a challenge. Business owners will still find it difficult to expand their staff and benefits programs. Because core regulations are still in place, businesses will be forced to either innovate or freeze job opportunities for millennials. States that continue the #FightFor15 will be overwhelmingly affected. Job-growth and employment will steadily decrease.

But now for some of the positives:

Premiums will start going down in three years. The pledge for affordable premiums will come, eventually, by lowering the cost of premiums in the private insurance marketplaces. We’ll just have to wait to get there.

Medicaid spending decreases. Millennials will have to wait until 2020 to see this occur, but the reform of Medicaid and its provisions are being addressed.

The individual mandate disappears. The government will no longer apply a fine to those who choose not to have a healthcare plan.

26 and under can stay on their parents’ plan. The proposed legislation would keep the popular Obamacare provision that allows young adults up to age 26 to stay on their parents’ insurance.


The Senate seems to be having a hard time presenting a solution that gives millennials immediate relief. Neither the Democrats’ cries for single-payer, nor the Republicans “reform” have the potential to assist millennials within the next year.

President Trump suggested, “If Republican Senators are unable to pass what they are working on now, they should immediately REPEAL, and then REPLACE at a later date!”

This may be the best option.

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