Want to Retire Early? Good Luck Under Trumpcare
After decades of saving diligently, Dan Maize, 53, of Williamsburg, Va., made the decision last year to retire early. He stayed at his job, managing a grocery store, until February—just before Republicans in the U.S. House of Representatives unveiled a health-care bill that could make his early retirement much harder to afford.
Under the American Health Care Act, the Obamacare overhaul that faced a congressional vote today, costs could fall for many younger Americans. The majority of older people would pay much more, according to the nonpartisan Congressional Budget Office and others who analyzed an early version of the legislation. “People who are thinking about retiring may need to give serious thought to whether they can find affordable health insurance,” says Tricia Neuman, director of the Kaiser Family Foundation’s program on Medicare policy.
