CBO: The GOP’s Obamacare repeal could leave 27 million people without health insurance and cause premiums to skyrocket
The Congressional Budget Office, the…
The Congressional Budget Office, the nonpartisan office within the legislature that provides research on the impact of possible policies, said in a report released Tuesday that a partial repeal of the Affordable Care Act, better known as Obamacare, would have huge effects on the US healthcare system.
Some highlights:
* The effects on insurance coverage from a repeal, the CBO report estimates that premiums would be 20-25% more than they would be if the ACA were kept in place over the next year; if the ACA were fully repealed, premiums would increase by 50%. One of the main complaints from Republicans about Obamacare is the increase in premiums for 2017.
* The number of people who are uninsured would increase by 18 million in the first new plan year following enactment of the bill
* After the elimination of the ACA's expansion of Medicaid eligibility and of subsidies for insurance purchased through the ACA marketplaces, that number would increase to 27 million, and then to 32 million in 2026.
You can read the entire thing yourself here: https://www.cbo.gov/sites/default/files/115th-congress-2017-2018/reports/52371-coverageandpremiums.pdf
bring on the giant backlash
"But that's OK thought, because I have insurance through the ACA!" XD XD XD
Yeah but +Rich Fisher those who voted them into power either think it's good or don't comprehend any of this. Like +Greg S many might respond with, "I have insurance through the ACA!". What's clear is the GOP aren't doing this to be fiscally conservative!