ALEXANDRIA, Va. – Argentum, a national association advocating for excellence in senior living, is carefully reviewing the Senate’s discussion draft proposal released Thursday designed to overhaul the current Affordable Care Act.

“We are laser focused on the impact this proposed bill could have on the senior living industry and the older Americans they serve,” said Argentum President & CEO James Balda.

Argentum supports language in the draft legislation “Better Care Reconciliation Act of 2017” eliminating the employer mandate, as well as retaining tax credits to help low income individuals purchase health insurance by basing the credits on income and geography rather than age which disproportionately impacts seniors. However, the Senate draft retains language from the House bill allowing insurers to charge older adults five times more than younger people.

Additionally, the Senate bill would phase out the extra federal funding provided to states as an incentive to expand eligibility for Medicaid, but would let states choose an eight-quarter period between 2014 and September 2017 for calculations to base for future Medicaid payments, which gives states some flexibility in influencing their baseline.

The Senate is expected to take up the legislation next week, but only can lose two GOP members to pass under the 50 vote threshold (Vice President Pence would cast any tie breaking vote) and budget reconciliation procedures.  In order to gain additional votes, the draft likely will be further modified and a number of amendments likely will be considered by the full Senate.

About Argentum
Argentum is the leading national association exclusively dedicated to supporting companies operating professionally managed, resident-centered senior living communities and the older adults and families they serve. Argentum member companies operate senior living communities offering assisted living, independent living, continuing care, and memory care services to older adults and their families. Since 1990, Argentum has advocated for choice, independence, dignity, and quality of life for all older adults. Learn more at argentum.org.

Contact
Paul J. Williams
Vice President, Government Relations
pwilliams@argentum.org, 703-562-1183

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