Healthcare

CBO: Trumpcare 2.0 Will Increase Uninsured by 23 Million

JM Ashby
Written by JM Ashby

The Congressional Budget Office (CBO) has finally released their report on the latest version of Trumpcare that, among other things, will cut Medicaid by hundreds of billions of dollars and repeal essential health benefits.

According to the CBO, 14 million people could lose their coverage next year alone and 23 million fewer will be insured in nine years.

CBO and JCT estimate that, in 2018, 14 million more people would be uninsured under H.R. 1628 than under current law. The increase in the number of uninsured people relative to the number projected under current law would reach 19 million in 2020 and 23 million in 2026. In 2026, an estimated 51 million people under age 65 would be uninsured, compared with 28 million who would lack insurance that year under current law. Under the legislation, a few million of those people would use tax credits to purchase policies that would not cover major medical risks.

The CBO also estimates that approximately one-sixth of the entire country lives in states that would no longer require insurers to cover pre-existing conditions.

About one-sixth of the population resides in states that would obtain waivers involving both the EHBs and community rating and that would allow premiums to be set on the basis of an individual’s health status in a substantial portion of the nongroup market, CBO and JCT anticipate.

Amazingly, even though the latest version of the GOP bill is worse than previous version in terms of coverage, the new version results in less deficit reduction.

Personal premiums would also increase by 20 percent over the next two years.

You can read the full CBO report here and we'll probably have more details in the coming days.

  • katanahamon

    For..profit..healthcare..doesn’t..work!! Gee, let’s pay insurance companies (who not only don’t contribute to your care, they LIMIT your care to MAXIMIZE their profit) all of our money so they can then turn around and institute yearly and lifetime limits on care, deny coverage for preexisting conditions..oh hell..why bother explaining.

    We won’t have any money to spend and the result is that the economy will crash. It’s already starting..people are wary of the future so major ticket items are already showing a slowdown. When will people understand that the Repubs use issues that they really don’t care about, like Jeebus, abortion, and which bathroom you piss in just so idiots will vote them in and they can cut taxes for themselves by cutting every safety net we have? How many unregulated bank crises, crashes and scandals do we have to endure before it penetrates the primitive skulls of the right wing that republicans don’t give a crap about America?

  • muselet

    I wonder if the House Rs will break out more cheap beer to celebrate AHCA v. 2.0—It costs more and does less! Job done!—or if they’ll pull a Sean Spicer and hide in the shrubbery.

    My money’s on hiding.

    –alopecia

  • Scopedog
  • Eventually health care prices will go down……after the majority of us with pre-existing conditions are dead.

    • Arthur Croft

      At least most of them will be in red states, so, theoretically there will be fewer red voters.
      Clearly not a calculation in the Republican party’s long term strategy.
      Is it snark? I don’t know anymore. There is no decency any longer.

      • Janiceswatson

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      • Sadly, it is snark and it is true. That’s what makes it so horrible.

    • katanahamon

      Nope..they’ll never go down as insurers, doctors, hospitals and big Pharma are greedier than you can possibly imagine!