CBO: Repealing Obamacare Would Increase Uninsured By 32 Million, Double Premiums

One month after the CBO scored the now defunct Senate healthcare bill, forecasting it would increase the number of uninsured by 22 million while cutting the budget deficit by $321 billion over the next ten years, moments ago the CBO released its latest score of what a straight repeal of Obamacare would look like. In short, doing away with the Affordable Care Act, would increase the number of uninsured by 32 million by 2026, while reducing the budget deficit by $473 billion in the CBO’s view.

Additionally, the CRO predicts that the bill would also increase insurance premiums (apparently, even more than leaving Obamcare). According to CBO, average premiums would increase by about 25% in 2018 alone. The increase would reach about 50% in 2020, and premiums would about double by 2026, CBO said.

Also of note, the CBO says it “has not completed an estimate of the potential impact of the legislation on discretionary spending, which would be subject to future appropriation action.”

…continue reading

 

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