CBO: 17 Million Fewer Insured Under Republican Obamacare Repeal
Politics Jul 19 2017, 7:20 pm ET
CBO: 17 Million Fewer Insured Under Republican Obamacare Repeal
by Benjy Sarlin NBC NEWS
ASHINGTON — A Republican Senate bill to repeal Obamacare would cause 17 million fewer people to have insurance within one year, premiums to jump by 25 percent, and insurers to pull out of counties across the country, according to a new report by the nonpartisan Congressional Budget Office.
The legislation, dubbed the Obamacare Repeal Reconciliation Act, would eliminate Obamacare’s taxes and, starting in 2020, cut off funding for its Medicaid expansion and for federal subsidies to buy private insurance. It would also end the individual mandate that penalizes people for not having insurance. The bill would reduce deficits by $473 billion over the next decade.
READ MORE: http://www.nbcnews.com/politics/congress/c...
CBO: 17 Million Fewer Insured Under Republican Obamacare Repeal
by Benjy Sarlin NBC NEWS
ASHINGTON — A Republican Senate bill to repeal Obamacare would cause 17 million fewer people to have insurance within one year, premiums to jump by 25 percent, and insurers to pull out of counties across the country, according to a new report by the nonpartisan Congressional Budget Office.
The legislation, dubbed the Obamacare Repeal Reconciliation Act, would eliminate Obamacare’s taxes and, starting in 2020, cut off funding for its Medicaid expansion and for federal subsidies to buy private insurance. It would also end the individual mandate that penalizes people for not having insurance. The bill would reduce deficits by $473 billion over the next decade.
READ MORE: http://www.nbcnews.com/politics/congress/c...
