Thursday, July 20, 2017

32 Million

That’s the new number, according to the CBO, of how many more people would lose health insurance if Congress just plain repealed Obamacare.

The legislation, which was posted shortly before the CBO released its score, tracks closely with a bill that Congress passed and then-President Barack Obama vetoed in early 2016.

The CBO report also said that premiums would double by 2026 under the Senate legislation, which eliminates the Affordable Care Act’s taxes, insurance subsidies and Medicaid expansion, but keeps its regulatory regime in place.

The repeal of the subsidies and expansion would go into effect in 2020, while the elimination of individual mandate would take place right away.

That is roughly 10% of the U.S. population, and that’s 32 million on top of the current number of how many people are going without it now, which is about 11%.  So if that bill were to pass, we’d have somewhere around 20% of the nation uninsured.

What’s worse is the instability in the market; all this dithering by Congress and the right-wing nutsery to get rid of anything to do with Obamacare is driving insurers out of the health coverage business.  The CBO predicts that by 2026, three out of four Americans will be living in an area with no insurers.

In other words, you’d get better health coverage in Bangladesh than here.  Not to pick on Bangladesh, but if that poor country can provide better care for its citizens, why can’t we?

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