UPDATED - 18 million would lose insurance and premiums would soar in 2018 if ...

Last edited Tue Jan 17, 2017, 01:29 PM - Edit history (1)

Source: New York Times

18 million would lose insurance and premiums would soar in 2018 if Obamacare is partially repealed, a congressional study says

Health Laws Repeal Could Raise Costs and Number of Uninsured, New Report Says

By ROBERT PEARJAN. 17, 2017

The nonpartisan [link:http://topics.nytimes.com/top/reference/timestopics/organizations/c/congressional_budget_office/index.html?inlinenyt-orgCongressional Budget Office] said on Tuesday that repealing major provisions of the Affordable Care Act, while leaving other parts in place, would cost 18 million people their insurance in the first year and could increase the number of uninsured Americans by 32 million in 10 years, while causing insurance premiums to double over that time.

The budget office analyzed the probable effects of a Republican repeal bill like the one approved in Congress but vetoed early last year by President Obama.

The [link:https://www.cbo.gov/publication/52371?utm_sourcefeedblitz&utm_mediumFeedBlitzEmail&utm_content812526&utm_campaignExpress_2017-01-17_10%3a30C.B.O. report], released [link:https://www.nytimes.com/2017/01/16/us/politics/donald-trump-affordable-care-act.html?refpoliticsafter a weekend of protests] against repeal, will only add to the headaches that President-elect Donald J. Trump and congressional Republicans face in their rush to gut President Obamas signature domestic achievement and try to replace it with a health insurance law more to their liking.

The bill that the budget office analyzed would have eliminated tax penalties for people who go without insurance. It would also have eliminated spending for the expansion of Medicaid and subsidies that help lower-income people buy private insurance. But the bill preserved requirements for insurers to provide coverage, at standard rates, to any applicant, regardless of pre-existing medical conditions.




Read more: https://www.nytimes.com/2017/01/17/us/politics/congressional-budget-office-affordable-care-act.html?emc=edit_na_20170117&nlid=57435284&ref=headline

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UPDATE

CBO Projects Obamacare Repeal Would Leave 32 Million Uninsured By 2026

By CAITLIN MACNEAL Published JANUARY 17, 2017, 12:23 PM EDT

Repealing the Affordable Care Act would result in 32 million Americans losing their health insurance by 2026, according to an analysis published Tuesday by the Congressional Budget Office (CBO) and the Joint Committee on Taxation.

The CBO projected that the 2015 bill passed by Congress to repeal Obamacare, which would have immediately eliminated the individual mandate penalizing those who do not purchase insurance plans, would have resulted in 18 million people losing their health insurance in the first new health plan year.

The 2015 bill, which was vetoed by President Obama, dictated that two years after enactment, Medicaid expansion and subsidies for plans purchased through the marketplace would be eliminated, which would bring the uninsured level to 27 million. People would continue to lose health insurance, reducing those covered to 32 million by 2026, according to the CBO's analysis.

The CBO also calculated that in the first new plan year after enactment, premiums for those in the individual market would have risen by 20-25 percent, and then would almost double by 2026.

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