AHCA would increase New Jersey's uninsured population by 540,000: NJPP Report

AHCA would increase New Jersey's uninsured population by 540,000: NJPP Report


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540,000 fewer people in New Jersey will have health insurance by 2026 under the American Health Care Act (AHCA) than under current law, according to an updated analysis by Raymond Castro of New Jersey Policy Perspective. The update takes into account the May 24 cost estimate by the Congressional Budget Office (CBO) of the amended AHCA that passed the House on May 4.


Should the AHCA become law, NJPP forecasts: The state uninsurance rate would increase by 50%, from 9.8% to 14.7% in 2026. The uninsurance rate would double in Rodney Frelinghuysen's Congressional district, and more than double in Tom MacArthur's. Almost all of the 562,000 New Jerseyans covered by the ACA Medicaid expansion would lose Medicaid coverage, and about two thirds of them would remain uninsured. About one in ten New Jersey adults would lose Medicaid coverage. The state would lose $28 billion in federal funding over ten years -- $21 billion in Medicaid funding, and $7 billion in reduced Marketplace subsidies. The wealthiest 5 percent of NJ households would receive $13 billion in tax cuts over 10 years. About 100,000 New Jerseyans would lose coverage in the individual market through reduction in subsidies for premiums and out-of-pocket costs.

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The loss of Cost Sharing Reduction subsidies, currently held by 127,000 enrollees in New Jersey's ACA Marketplace, would hit low income enrollees particularly hard. The average Marketplace enrollee's out-of-pocket costs would rise $3,600 under the AHCA, according to analysis by the Center for Budget and Policy Priorities cited by the NJPP report.

With insurers allowed to charge the oldest enrollees five times as much as the youngest adult enrollees under the AHCA, as opposed to the ACA's 3-to-1 ratio, a typical 60 year-old would pay $8,000 more annually for insurance under the AHCA, according to NJPP.
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And the GOP is going to laugh its way all the way to the bank if this happens. RESIST.