CBO Numbers A Boon To Replacement Plan’s Critics

But the fact that the White House’s own analysis found even worse insurance losses under Trumpcare will perhaps make it more hard for administration officials to refute the CBO’s findings.

The CBO also couldn’t issue projections on the Republican plans’ overall effect on the economy. But don’t miss this detail: If this bill becomes law, young people will face significantly lower premium charges than older generations.

The House Republican plan to repeal and replace the Affordable Care Act would cause 24 million people to lose health insurance within a decade, the nonpartisan Congressional Budget Office said on Monday.

Senator Elizabeth Warren said that MA residents “have every right to be worried” over the House GOP health care bill, railing against the plan Monday evening on Twitter.

The legislation calls for swapping out the current Obamacare subsidies with tax credits, expanding health savings accounts and phasing out a planned expansion of Medicaid.

Counties won by former Secretary of State Hillary Clinton stand to benefit more from House Republicans’ plan to “repeal and replace” Obamacare than counties that supported President Donald Trump in the 2016 election.

How will this affect Americans?

That means that people who are older, and have lower incomes, and who live in states with high individual insurance plan costs would end up as a rule paying more for their coverage than under Obamacare, said Cynthia Cox, associate director of Health Reform and Private Insurance at the Kaiser Family Foundation.

Of the 14 million accounted for in the 2018 figure, 6 million would drop out of the individual market, 5 million from Medicaid, and 2 million from employer-based coverage. That could lead to more people getting health insurance directly from an insurer or broker, instead of on the exchanges.

Increases: In 2018 and 2019, average premiums would be 15 percent to 20 percent higher than under Obamacare, formally known as the Affordable Care Act.

This highlights the curious position of the White House: While president Trump has repeatedly promised to give more people access to cheaper health care both on the campaign trail and in office, this bill would do the exact opposite.

He added: “So there’s cost that needs to come down, and we believe we’re going to be able to do that through this system”. “That’s the only way you can get to these bad numbers”. “That’s not going to happen with us”.

Paul Ryan reiterated the rhetoric that his bill does not require people to buy health insurance. “It’s a $1.2 trillion spending cut, and $883 billion tax cut and $337 billion in deficit reduction”, Ryan said.