The Affordable Care Act (Obamacare) Update II

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We’ve had an intermittent commentary on the repeal of the Affordable Care Act (ACA) on this blog. I plan to continue this commentary as new information becomes available.

The CBO analyzed the effects of repealing the ACA and their conclusions are troubling.

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Here are their findings in brief:

1. 18 million people will lose their Health Insurance
2. The ACA includes an expansion of Medicaid. Once this expansion is repealed 9 million more people will lose their health insurance. The total number of uninsured will total 27 million.
3. The number of uninsured will rise to 32 million if Republicans fail to offer a better plan by 2026.
4. Premiums for those who purchase insurance through the marketplaces or directly from insurers will increase by 20 to 25 percent.
5. The elimination of the Medicaid expansion will result in a 50 percent increase in premiums in the year that follows the ACA repeal. Premiums will double in 2026.

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