The non-partisan Congressional Budget office released a report today showing the predicted impact of a Republican bill to repeal key portions of the Affordable Care Act. The report estimates that the Republican effort would lead to tens of millions of people going uninsured, and a doubling in the cost of insurance premiums by 2026. As summarized by the CBO:
“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.”
Again, the CBO is a non-partisan organization. The report issued today makes clear that should the Republican effort to gut the ACA succeed, the consequences will be felt deeply by millions of Americans.