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The leaked draft of the GOP Obamacare repeal and replacement plan would swap out the law's income-based premium subsidies with tax credits that vary by age. They'd start at $2,000 a year for young adults under age 30, increasing for different age groups. The maximum would be $4,000 a year for people age 60 and older.

We were curious how that would change the amount of federal assistance different people would receive, so we used the Kaiser Family Foundation's subsidy calculator to compare the two. Here's what we found.

Expand chart

Data: GOP draft bill, Kaiser Family Foundation ACA premium calculator, Department of Health & Human Services; Methodology: Income ranges based on percent of federal poverty level. 150% = $18,090, 250% = $30,150, 500% = $60,300. Columbus area code: 43201, Prescott: 86301, Tampa: 33601; Chart: Andrew Witherspoon / Axios

Here are a few things we noticed (which line up with what we said last month in our story about winners and losers):

  • Younger, wealthier people fare better under the tax credit system. That's partially because Obamacare subsidies phase out at 400 percent of the federal poverty level, which means people who make more than that get no federal assistance. Tax credits would be given to everyone on the individual market, regardless of income.
  • Older, poorer people would pay more — sometimes a lot more — under the GOP plan. While older people can currently pay three times as much as young people in premiums, the tax credit only doubles between the highest and lowest age brackets.
  • There's huge local market variation here. For example, premiums — and therefore subsidies — in Prescott, Arizona are much higher than the other two marketplaces we chose. (Arizona was the state with the 116 percent increase in Obamacare premiums — by far the highest in the nation — because insurers got too many sick customers and had underpriced their premiums for years.)

Yes, but: Keep in mind that the leaked draft is more than two weeks old by now, so we don't know if the amount of the credits reflect the GOP's current thinking. But they have been talking about age-based credits for a long time, so it's safe to say that some version of this will end up in the repeal and replacement plan.

Corrects second sentence to clarify that the GOP tax credits are annual amounts.

Go deeper

2 hours ago - Health

CDC prepares tougher testing rules for international travelers

Travelers with their luggage arrive at a COVID-19 testing location at the airport in Los Angeles, Calif., on Nov. 23, 2021. Photo: Frederic J. Brown/AFP via Getty Images

The Centers for Disease Control and Prevention said Tuesday night that it is working to impose stricter testing requirements for international travelers due to the spread of the new Omicron variant.

The big picture: The new rules would require all international travelers, regardless of vaccination status, to show a negative test taken a day before their flight to the U.S. Currently, the CDC says fully vaccinated travelers are allowed to show a test taken no more than three days before their departure, AP reports.

Republicans threaten to shut down government over vaccine mandates

Sen. Mike Lee (R-Utah) in the Capitol in November 2020. Photo: Joshua Roberts/Getty Images

Conservative Republicans in the House and Senate are planning to force a government shutdown Friday to deny funding needed to enforce the Biden administration's vaccine mandates on the private sector, according to Politico.

Why it matters: Congress has until the end of the week to pass a stopgap measure to extend funding into 2022, though objection from a small group of Republicans could shut down the government.

Electric car prices could go up before they come down

Illustration: Eniola Odetunde/Axios

The secret to affordable electric vehicles is cheaper batteries. But after years of falling prices, battery costs are now headed in the wrong direction.

Why it matters: Costlier batteries could drive up the price of electric vehicles — threatening the auto industry's transition away from fossil fuels, and, in turn, society's fight against climate change.