The Congressional Budget Office’s review of the Republican’s health care plan — designed to replace Obamacare — shows drastic increases of uninsured people compared to the current law.
According to the estimate released today, 14 million more people would be uninsured under the GOP bill in 2008 compared to the existing Affordable Care Act. That number would incrementally increase — 21 million in 2020, and then 24 million in 2026.
By 2026, an estimated 52 million would be uninsured, compared to 28 million who would not have insurance under the existing law, the CBO says.
Most of the uninsured increases next year would “stem from repealing the penalties associated with the individual mandate,” the CBO adds. “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.
The CBO estimates that the proposed legislation would reduce federal deficits by $337 billion over the 2017-2026 period.
“The largest savings would come from reductions in outlays for Medicaid and from the elimination of the Affordable Care Act’s subsidies for nongroup health insurance,” the office said.