By Rohin G.
March 23, 2017
Photo Credit: RNC
A little more than a week ago, the Congressional Budget Office or CBO released their assessment of the impacts of House Republicans’ plan to replace the Affordable Care Act or Obamacare. The CBO has now released a revised report that includes the amendments to the GOP bill which were put in place in order to win over more conservative Republicans.
The new CBO report states that the Republican bill, the American Health Care Act or AHCA, will result in a reduction of about $150 billion in the federal deficit by 2026. The Republican plan will also result in a 10% reduction in average health insurance premiums for young, healthy Americans by 2026, however, premiums will initially increase. The Republican bill will also result in tax reductions for most Americans, most drastically for the wealthy.
Although many will pay less for insurance or in taxes, the AHCA will result in massive losses for poorer, older, and sicker Americans, many of whom voted for President Trump. The bill will result in about 14 million people no longer being covered by Medicaid, a government health insurance program aimed at assisting low-income Americans. The Republican plan would also result in seniors being charged 5 times more for heath insurance than younger patients. In addition, employers would no longer be required to provide health insurance to their employees. A new amendment to the GOP bill also removes the provision which requires every health insurance plan to cover basic essentials including preventative care. The gutting of preventative care measures, as well as defunding Planned Parenthood, would result in far fewer people having access to care that reduces the number of expensive emergency medical procedures. In all, about 24 million people are predicted to no longer have health insurance under the Republican plan either because they leave the market on their own accord or they can no longer afford health insurance. Many of these people would be the very people who helped elect President Trump, poorer, older American in the Midwest and Appalachia.