Republicans have spent the past week trying to preemptively discredit the CBO. They knew their new healthcare plan was going to get a negative report. They were right.
The Congressional Budget Office released their assessment of the new Republican healthcare plan on Monday. And it wasn’t good.
The CBO report estimates that 14 million people will lose their health insurance next year if this plan is made law.
The CBO says that in 2018 “14 million more people would be uninsured under the legislation than under current law.”
One of the problems is that the Republican plan eliminates the Obamacare mandates. The report states that one of the biggest factors in the reduction of insured Americans is the removal of the mandates.
“Most of that increase would stem from repealing the penalties associated with the individual mandate. Some of those people would choose not to have insurance because they chose to be covered by insurance under current law only to avoid paying the penalties, and some people would forgo insurance in response to higher premiums.”
And the numbers only get worse as time goes on. By 2020 another 21 million will lose coverage. And by 2026 that number climbs to 24 million.
“In 2026, an estimated 52 million people would be uninsured, compared with 28 million who would lack insurance that year under current law.”
One thing Republicans do like about the new CBO score is that it says the GOP plan would lower the federal deficit by $337 billion between 2017 and 2026. But it only reduces the deficit because it offers people $1.2 Trillion less help affording insurance.
Republicans have spent the past week trying to preemptively discredit the CBO. They knew their new healthcare plan was going to get a negative report. They were right.
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