CBO report says GOP health plan would push up uninsured
By: Annie Yager, Xiro Xone News March 13, 2017 Updated: 6:41 PM
The number of Americans without health insurance would increase by 24 million under a House Republican proposal to topple most of the Affordable Care Act, according to a nonpartisan report Monday.
Fourteen million fewer would be insured by next year alone, reversing the coverage expansion made possible by the Affordable Care Act also known as Obamacare.
The nonpartisan Congressional Budget Office released a report on Monday saying some people will choose not to have insurance because penalties are being repealed.
The report highlights that average premiums will go up in 2018 and 2019, because “fewer comparatively healthy people” are expected to sign up, since the individual mandate will have been eliminated. However, by 2020, that increase in average premiums is expected to be offset, so that in 2026 the average premiums for single policyholders in the non-group market would be 10 percent lower than they are
“CBO and [the Joint Committee on Taxation] estimate that, in 2018, 14 million more people would be uninsured under the legislation than under current law,” the CBO report says. The number of uninsured would increase by 21 million in 2020 and 24 million in 2026, relative to current law. The total number of uninsured in 2026 is estimated by CBO to be 52 million, compared with 28 million who would lack insurance by 2026 under the ACA.
President Donald Trump said in a listening session on healthcare on Monday said the new plan “lowers cost, expands choice, and ensures access for everyone.”
Health and Human Services Secretary Tom Price said the White House disagrees “strenuously” with the report and called the finding that 14 million people would end up without insurance “virtually impossible.”