CBO estimates Senate GOP plan to repeal ObamaCare without a replacement would leave 32 million more uninsured by 2026
The nonpartisan Congressional Budget Office on Wednesday released a cost estimate of Senate Republicans' latest health-care plan: to repeal ObamaCare now, but replace it later. The CBO score revealed that under that proposal, an additional 32 million would be uninsured by 2026 compared to under ObamaCare. The plan would reduce the federal deficit by $473 billion over the next decade.
Under the Senate GOP's previous proposal — to repeal ObamaCare and replace it immediately, via the Better Care Reconciliation Act — the CBO estimated 22 million more people would be uninsured by 2026 compared to ObamaCare. That bill would have reduced the federal deficit by $321 billion.
The CBO also found that average premiums for the nongroup market would jump by an estimated 25 percent next year under the repeal-and-delay plan compared to under ObamaCare. On average, premiums would double by 2026. The CBO warned that repeal-and-delay "would destabilize the [individual insurance] market, and the effect would worsen over time."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Senate Majority Leader Mitch McConnell (R-Ky.) plans to hold a vote next week on repeal-and-delay, though three GOP senators — enough to kill the effort — have already indicated their opposition. Republicans are holding a last-minute health-care meeting for hesitant senators Wednesday evening.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Create an account with the same email registered to your subscription to unlock access.
-
Liz Truss to save the West: is a political comeback really on the cards?
Talking Point The former prime minister is back with a new tell-all memoir
By Richard Windsor, The Week UK Published
-
Fallout: one of the 'most faithful – and best – video game adaptations'
The Week Recommends This 'genre-bending' new Amazon series is set in a post-apocalyptic wilderness where survivors shelter below ground
By Adrienne Wyper, The Week UK Published
-
'Test of faith for Trump Media's investors'
Today's Newspapers A roundup of the headlines from the US front pages
By The Week Staff Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
Reddit IPO values social media site at $6.4 billion
Speed Read The company makes its public debut on the New York Stock Exchange
By Peter Weber, The Week US Published
-
Housing costs: the root of US economic malaise?
speed read Many voters are troubled by the housing affordability crisis
By Peter Weber, The Week US Published
-
Feds cap credit card late fees at $8
speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
By Peter Weber, The Week US Published