Saturday, January 21, 2017

The CBO on repeal of Obamacare

The Congressional Budget Office (CBO) is a non-partisan group that analyzes budget proposals. So here is their analysis on the repeal of Obamacare, which the GOP is suppressing with new rules. We already know Twamp supports and will sign this repeal. Is this what you voted for Twamp dwellers? From the CBO report:

"The number of people who are uninsured would increase by 18 million in the first new plan year following enactment of the bill. Later, after the elimination of the ACA’s expansion of Medicaid eligibility and of subsidies for insurance purchased through the ACA marketplaces, that number would increase to 27 million, and then to 32 million in 2026.

"Premiums in the nongroup market (for individual policies purchased through the marketplaces or directly from insurers) would increase by 20 percent to 25 percent—relative to projections under current law—in the first new plan year following enactment. The increase would reach about 50 percent in the year following the elimination of the Medicaid expansion and the marketplace subsidies, and premiums would about double by 2026."

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