18 Million Could Lose Insurance if ACA Is Repealed
According to the nonpartisan Congressional Budget Office, as many as 18 million Americans could lose their health insurance within one year and insurance premiums for individual plans would skyrocket if the new administration repeals major components of Obamacare while leaving other provisions of the law in place. The report, which was released on January 17th, puts even more pressure on Congress to develop a plan to replace the Affordable Care Act it has already taken steps to repeal.
The new report issued by the budget office outlines the impact of repealing Obamacare without a replacement. By 2026, should this occur, up to 32 million people in the U.S. could lose their insurance and the cost of individual health insurance plans could double. This information further adds to the consensus among lawmakers, as well as the American people, that step-by-step reform is needed.
Representative Tom Price of Georgia, President-elect Donald Trump's selection for secretary of health and human services, has drafted a replacement bill, but the legislation has not yet been reviewed by the budget office. A primary goal of repealing and replacing the ACA is to protect the 20 million Americans who gained health insurance under the law since 2010.
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