CBO: House Obamacare repeal will increase uninsured by 23 million
The Republican bill to repeal and replace Obamacare passed by the House earlier this month would lead to 23 million fewer people having health insurance by 2026, according to an analysis from the Congressional Budget Office released late Wednesday afternoon.
That number is 1 million fewer than an analysis of a March draft version of the bill. The previous CBO analysis had predicted the draft bill would leave 24 million more people without health insurance than Obamacare would cover.
The legislation is also expected to increase insurance premiums by 20% in 2018 and 5% in 2019. But by 2020, premiums are expected to decrease. The expected decrease varies by state depending on how the states choose to implement the law.
Related Reading:
- CBO Confirms: GOP Healthcare Bill is a Huge Setback for Older Americans.
- Seniors who rely on Medicaid will suffer under the American Health Care Act. The CBO report calculates that the AHCA slashes Medicaid spending by $834 billion. Medicaid currently helps pay for long term care for millions of seniors nationwide.
