Donald Trump and the Republican party have started their mission to rid millions of Americans from their health insurance. The Congressional Budget Office(CBO) is a nonpartisan government agency that provides budget and economic information to congress. They recently released a report that shows the consequences of repealing Obamacare.
The repeal of the Affordable Care Act(ACA) will leave millions without health insurance. According to the CBO report, “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.”
The report also states that “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.”
What does this mean for the American people?
Well the CBO explains that repealing Obamacare will cause a significant drop in insurer participation in the market of individuals. Meaning that Americans who do not work for large employers that provide healthcare benefits for their employees will be out of luck when it comes to purchasing their own policy.
Republicans are doing all this in order to cut the annual deficit by an estimated 1.1%. Yes that’s right, just 1.1%. The Republicans in Congress value a 1.1% deficit reduction over hardworking Americans who are about to lose their coverage or be devastated by huge spikes in premiums.
And to make matters worse, they have yet to come up with a replacement for the ACA, which makes one wonder, are they even going to come up with a plan?
It seems highly unlikely. The Republicans know that they cannot replace the ACA for free, or provide Obamacare-level coverage for cheaper, which explains exactly why they haven’t come up with a plan by now.
And now all the people that believed Trump, who said he promises “healthcare for everybody,” that will be “great,” and “much less expensive and much better [than under Obamacare],” will be out of luck and uninsured.
If this is the idea of making America great again, I don’t want to know what making America worse looks like. God help us all.