Until recently, few people had taken the repeal of the Affordable Care Act seriously. But the Obamacare repeal is back on the agenda, with Republicans suddenly looking at repealing the signature healthcare law, this time, with a bill that threatens K-12 Education.
According to Forbes Magazine, the latest Republican-led effort to overhaul the Affordable Care Act could lead to spending cuts for state education funding from Kindergarten through college.
The bill was introduced last week by Sens. Lindsay Graham (R-South Carolina), Bill Cassidy (R-Louisiana), Dean Heller (R-Nevada) and Ron Johnson (R-Wisconsin).
While the prospects for the new legislation are murky, the new proposal has generated a ton of conversation in political and health policy circles in just the past week, with multiple outlets reporting that leadership is now thinking about floor action before Sept. 30. That’s the magic date when, because of parliamentary rules, Republicans lose their ability to pass repeal with just 50 votes.
“This bill is far more radical than previous repeal bills in that it envisions going back to the pre-ACA world, where the federal government wasn’t in the business of helping low-income adults or moderate-income people without employer coverage get health insurance at all,” Aviva Aron-Dine, senior fellow at the center, told Huffington Post.
According to HuffPost, the new bill would repeal the Affordable Care Act’s individual mandate, and do so right away ― destabilizing insurance markets and causing premiums to rise right away, according to official projections.
Exactly how many people would lose insurance, and what kind of benefits would be left for the people who hold onto coverage, is not clear. The Congressional Budget Office hasn’t had a chance to evaluate the plan yet, although Cassidy, like most Republicans these days, has already said he’s willing to ignore CBO altogether.