The Numbers Behind the GOP's ACA Repeal Plan are Truly Frightening
The Congressional Budget Office released the numbers behind the GOP's ACA replacement plan on Monday and they're not pretty. CBO's report states 24 million Americans will lose health insurance under the GOP's health care plan and the White House number was even higher, at 26 million Americans losing health insurance. CBO also said that premiums will go up 20% in 2018 and 2019, targeting the elderly with significantly higher premiums than younger people. Despite CBO and the White House both coming up with these numbers, Paul Ryan and his conservative
“They are implementing the biggest transfer of wealth in our history,” House Minority Leader Nancy Pelosi (D-Calif.) told reporters Monday. “In terms of insurance coverage, it’s immoral. In terms of giving money to the rich at the expense of working families, it is indecent and wrong.”
The White House has spent the past week engaged in a charm offensive aimed at bringing conservatives on board, as well as an effort to discredit the Congressional Budget Office before it released numbers.
The Affordable Care Act has increased coverage by 20 million to 22 million — almost half of those through the insurance markets the law created for people who cannot get affordable coverage through a job, and the rest through an expansion of Medicaid in 31 states and the District of Columbia.
On Capitol Hill, Senate Majority Whip John Cornyn (R-Tex.) said Republicans “obviously” want to “improve those coverage numbers.”
But Cornyn noted that, by eliminating the penalty for violating the Affordable Care Act’s requirement that most Americans carry insurance, “some people are going to make the decision not to buy it.”
The elimination of that penalty would account for the immediate increase in the uninsured.
The estimates projected a significant drop in Medicaid enrollment. Next year, the forecast says, about 5 million fewer people would be on Medicaid. By 2026, the program’s rolls would shrink by nearly 15 million — almost 1 in 4 of the 68 million currently in the program.
The Congressional Budget Office also predicted substantial disparities in the effect the legislation would have on insurance premiums for younger versus older consumers.