---
title: The GOP Health Plan Could Be Really Expensive for Low-Income Older Adults
description: A 64-year-old low-income individual would pay over 10 times more in premiums under the GOP plan than a 21 year old
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published: '2017-03-13T23:14:52.000Z'
modified: '2024-04-17T05:25:34.000Z'
section: Economy and Politics
tags:
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![President Trump Holds Meeting On Healthcare](https://img.money.com/2017/03/trump-health-care.jpg)
*President Donald Trump attends a meeting about healthcare in the White House on March 13, 2017 in Washington, DC.*

Costs for older, low-income Americans would increase drastically under the GOP's American Health Care Act in comparison the Affordable Care Act, [the Congressional Budget Office determined](https://time.com/4700200/donald-trump-cbo-healthcare-obamare/) in an [assessment](https://time.com/4700051/obamacare-repeal-cbo-congressional-budget-office-analysis/) of the proposed legislation.

According to estimates from the CBO released on Monday, a 64-year-old individual with an annual income of $26,500, would pay a net premium of $14,600 for non-group health insurance, as compared with the $1,700 they currently pay in premiums under Obamacare.

By comparison, a 21 year old with the same income would pay $1, 450, and a 40 year old would pay $2, 400.

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Currently, all three age groups in that income bracket currently pay around $1,700 in premiums.

A 64-year-old making $68,200 would also pay $14, 600 in net premiums under the American Health Care Act, significantly more than a 21-year-old and 40-year-old in their income bracket. But they are getting a slight reduction from the $15, 300 in premiums they pay for Obamacare.

Premium tax credits for both income brackets are equal under the GOP plan, with 64-year-olds receiving $4,900.

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