According to the nonpartisan Congressional Budget Office 24 million fewer people would have health coverage in the coming decade under the GOP’s new American Health Care Act. That would almost double the current percentage of uninsured Americans from 10 to 19 percent.
“But the GOP legislation… would lower the deficit by $337 billion during that time, primarily by lessening spending on Medicaid and government aid to help people buy health plans on their own,” notes WaPo.
Most of the budget savings come from cuts to Medicaid, while nearly all of its cost comes from a system of tax credits that would replace federal insurance subsidies given under Obamacare.
The report also predicted that older Americans would pay “substantially” more and younger Americans less, with premiums 15-20 percent higher in the first year compared with the Affordable Care Act and 10 percent lower after 2026.
The GOP plan, notes WaPo, undermines President Trump’s pledge that no Americans would lose coverage under a Republican remake of the Affordable Care Act.
A simple fact that no one, Republican or Democrat seems to be aruging: the number of people without health coverage would rise to 52 million in a decade compared with 28 million if the Affordable Care Act remains intact.