And poor women are among the biggest losers. Under Trumpcare, the total number of uninsured Americans is expected to rise from 28 million if the country would stick with Obamacare to 52 million under the Republican plan. (Obamacare requires anyone to buy a fairly robust package of insurance). By contrast, a 40-year-old might only have to pay about $700 more than they do now, while a 21-year-old buying health insurance would probably pay less than they currently do in part because they'll be able to buy plans that only cover catastrophes. For a person who is 64 the tax credit they would receive to help them buy insurance would drop, on average from $13,600 to $4,900 leaving them shelling out $14,600 out of pocket more than under the current system. ![]() Medicaid outlays would drop by $880 billion over the next nine years, the report found, while the wealthy would receive substantial tax cuts under Trumpcare.Ĭosts for the near elderly, those in their 50s and 60s who aren't yet to eligible for Medicare-which kicks in at age 65-would rise especially sharply. The report also predicts-ominously-that a substantial part of those who would be without health insurance would be those who would lose the subsidies and Medicaid coverage that allow them to purchase health insurance under Obamacare. For instance, the report projects the percentage of people age 19 to 29 without insurance would double under the Republican plan. That could have terrible consequences in the long run because the insurance pool would lose the young healthy people who keep rates low for all Americans. These are people, the report notes, who might buy health insurance now in order to avoid the tax penalty that comes from not purchasing it. It shows that the plan would save money over Obamacare, about $337 billion over the next nine years.īut most of the drop in coverage under the Republican plan, the CBO estimates, would come from the end of the individual mandate that requires all Americans to purchase health insurance. There are some aspects of the CBO report that play well for the Trump administration. Related: Inside the GOP's New Health Car Plan By 2026, that number would soar to 24 million. Actually this kind of estimate, albeit tricky, is exactly what the CBO, staffed mostly by economists, does.įar from showing that the Republican plan would improve health care coverage, the 38-page report predicts that 14 million fewer Americans would have health insurance by next year than if the country stuck with Obamacare. "Sometimes we ask them to do stuff they're not capable of doing," said Mick Mulvaney, the director of the Office of Management and Budget. ![]() No wonder the White House and Republican leaders in Congress have been dissing the CBO recently. The Congressional Budget Office (CBO) has released its much-anticipated cost estimate of the Republican health care plan that's making its way through the House of Representatives.
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