CBO Estimates 14 Million More Uninsured Next Year Under GOP Plan — Legislation would reduce the federal deficit by $337 billion through 2026 — Peace and Freedom

Legislation would reduce the federal deficit by $337 billion through 2026 House Speaker Paul Ryan unveiled the Republican health plan last week. PHOTO: CHIP SOMODEVILLA/GETTY IMAGES . By STEPHANIE ARMOUR and KRISTINA PETERSON The Wall Street Journal March 13, 2017 4:28 p.m. ET A Republican plan to replace the Affordable Care Act would leave 14 million

A Republican plan to replace the Affordable Care Act would leave 14 million more people without insurance by 2018 compared with current law, an analysis by the nonpartisan Congressional Budget Office has found.

That number would climb to 24 million by 2026, according to the report.

The legislation would reduce the federal deficit by $337 billion through 2026, in large part because it would lower federal spending for Medicaid and end tax credits now provided to people on the Affordable Care Act’s insurance exchanges, according to the analysis, released Monday.

The drop in the number of insured would result in part because people would opt to go without coverage once the requirement that most Americans have coverage or pay a penalty is repealed, according to the report by the CBO and the Joint Committee on Taxation. Higher premiums would also prompt some people to opt to go without insurance, the report said.

The Congressional Budget Office is an independent office that assesses the impact of legislation for Congress.

In its calculations, CBO used estimates that the bill would be enacted by May 2017.

via CBO Estimates 14 Million More Uninsured Next Year Under GOP Plan — Legislation would reduce the federal deficit by $337 billion through 2026 — Peace and Freedom

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One thought on “CBO Estimates 14 Million More Uninsured Next Year Under GOP Plan — Legislation would reduce the federal deficit by $337 billion through 2026 — Peace and Freedom

  1. CBO omits an important metric: the impact of the AHCA on jobs. CBO estimated that 2 million jobs’ worth of hours lost under Obamacare. We need the same report. My prediction: more jobs gained under AHCA.

    Like

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