Three-Quarters of the Population by 2026 Would Have No Non-Group Insurance Provider
The Congressional Budget Office has just released its projections for the Senate’s bill to repeal ObamaCare in full, and possibly “replace” it in the future. Were the bill to become law, and ObamaCare were repealed, in 2018, next year, an additional 17 million people would be forced off their health care, and premiums would increase by about 25 percent.Â
By 2020, less than three years from now, an additional 27 million people would lose coverage, and by 2026, that number would be 32 million more people than today without health care coverage.Â
Premiums would double by 2026 as well.
The news gets worse. A stunning 50 percent “of the nation’s population would live in areas having no insurer participating in the nongroup market in 2020 because of downward pressure on enrollment and upward pressure on premiums. That share would continue to increase, extending to about three-quarters of the population by 2026.”
Literally tens of thousands of people every year would die as a result of repealing ObamaCare with no comparable replacement.
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Image by Governor Tom Wolf via Flickr and a CC license