CBO: Trumpcare Would Wipe Out Coverage for 24 Million People
by Nadia Prupis –
Highly-anticipated report on GOP’s Obamacare replacement plan finds 14 million people would lose coverage in the first two years alone.
The Congressional Budget Office (CBO) on Monday released its score of the GOP’s plan to replace the Affordable Care Act (ACA), or Obamacare, projecting that 14 million people would lose coverage by 2018 if the Republican bill is implemented.
That number would rise to 24 million by 2026.
Additionally, the plan would lead to higher deductibles and other cost-sharing payments.
In short, as Sen. Bernie Sanders (I-Vt.) wrote on Twitter, “The Republican healthcare plan: less healthcare for you, bigger salaries for healthcare CEOs. Republican priorities!”
The Republican health care plan: less health care for you, bigger salaries for health care CEOs. Republican priorities!
Opponents of the Republican plan, known as the American Healthcare Act (AHCA), were eagerly awaiting the analysis, which was widely expected to be scathing. The CBO’s analysis aligns with predictions put out by think tanks such as the Brookings Institution, which released a report last Thursday predicting the CBO to calculate a coverage loss for “at least 15 million people” by the end of the 10-year scoring window.
Indeed, the expectations for a critical CBO report were so wide that the White House seemingly launched a preemptive effort to undermine the agency’s credibility, with press secretary Sean Spicer saying last week that “If you’re looking at the CBO for accuracy, you’re looking in the wrong place.”
But opponents weren’t hoping for a harsh CBO analysis just to score political points. If the Republican plan fails, wrote Monique Morrissey at the Working Economics Blog—part of the nonprofit think tank Economic Policy Institute (EPI—on Monday, “everyone wins.”
“OK, maybe it’s a slight exaggeration, but almost everyone—99 percent of Americans and all members of Congress—will win if the GOP health plan fails,” she writes. “Among the worst hit by ‘repeal and replace’ will be older workers, rust-belt swing states that adopted Medicaid expansion, rural areas, and high-cost states—in short, many struggling Americans who voted for Donald Trump in 2016 but may not have bargained that doing so would mean losing affordable healthcare.”
As Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities, wrote at the Washington Post on Monday, “[I]n the interest of tax cuts for people who are already rich, these guys are trying to sell America a vastly inferior healthcare reform that will leave millions of people without coverage and thus sicker. They must be called out.”
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Reprinted with permission from Common Dreams