CBO estimates GOP health plan would leave 24 million more uninsured than ObamaCare by 2026
The nonpartisan Congressional Budget Office on Monday released its cost estimate for the American Health Care Act, the Republican proposal to replace ObamaCare. The CBO's report says that the GOP plan would reduce the federal deficit by $337 billion by 2026, with the most savings coming from "reductions in outlays for Medicaid and from the elimination of the Affordable Care Act's subsidies for non-group health insurance."
In that same time, however, the AHCA would result in 24 million more Americans going uninsured; by 2026, the CBO estimates that 52 million people would lack insurance under the GOP plan, compared to 28 million who would go uninsured under ObamaCare. Overall, the CBO estimates millions would progressively lose insurance under the AHCA:
CNN's Jeremy Diamond noted that premiums would go on a bit of a roller coaster ride under the American Health Care Act, increasing by as much as 20 percent before 2020 before eventually dropping to 10 percent lower than under ObamaCare by 2026. The Washington Post's Greg Sargent pointed out the CBO's projection that AHCA rules would allow insurers to charge five times more for older enrollees than younger ones, "substantially reducing premiums for young adults and substantially raising premiums for older people."
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.
NBC News' Benjy Sarlin called the report "basically apocalyptic" for the GOP. White House budget director Mick Mulvaney and White House economic adviser Gary Cohn had said the CBO should focus on health-care affordability rather than the number of insured. President Trump and House Speaker Paul Ryan (R-Wis.) have vowed to push the bill through, with Ryan tweeting shortly after the CBO's release that the "report confirms it: [The] American Health Care Act will lower premiums and improve access to quality, affordable care." Read the CBO's full report here.
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
Kimberly Alters is the news editor at TheWeek.com. She is a graduate of the Medill School of Journalism at Northwestern University.
-
The history of Donald Trump's election conspiracy theories
The Explainer How the 2024 Republican nominee has consistently stoked baseless fears of a stolen election
By David Faris Published
-
Two ancient cities have been discovered along the Silk Road
Under the radar The discovery changed what was known about the old trade route
By Devika Rao, The Week US Published
-
'People shouldn't have to share the road with impaired drivers'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US 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