“It is simply unworkable in any form and would undermine protections for those with pre-existing medical conditions, increase premiums and lead to widespread terminations of coverage for people currently enrolled in the individual market”
– America’s Health Insurance Plans and the Blue Cross Blue Shield Association
The new Cruz Amendment discussed in relation to the Senate’s Better Care and Reconciliation Act of 2017 provides some interesting strategies for employers with 1099 contractors and consultants/ small business-owners not currently on a group plan. The basic structure of the amendment is designed to allow individuals that do not have group coverage through their employer to select either low cost, lower benefit “skinny” plans for those whom are young and/or health but still require insurers offer benefit-rich, more expensive “Obamacare” plans in the same marketplace.
So for your 1099 contractors or sole proprietorships that need lower premiums and lower coverage, this plan works perfectly for you. However, if you have pre-existing conditions and need robust medical benefits, you need to make sure you do not make too much money because without the subsidies these plans will be much, much more expensive.