The GOP’s Latest Scheme to Kill Obamacare will Cost YOU Thousands – if You’re Lucky
Think You Pay Too Much Now? GOP Says Pay Double
Facing the reality that yet another attempt to replace the increasingly-popular Obamacare did not have enough votes in the Republican-controlled Senate, President Trump and Senate Majority Leader Mitch McConnell have thrown in the towel on “improving” the nation’s health care system. Instead, the GOP will now focus on eliminating the Affordable Care Act altogether. And the cost to every American, should this take place, will be astronomical.
Their latest scheme — a singular vote to repeal the 2010 law — unfolded (where else?) on Twitter with the President saying Monday night:
Republicans should just REPEAL failing ObamaCare now & work on a new Healthcare Plan that will start from a clean slate. Dems will join in!
— Donald J. Trump (@realDonaldTrump) July 18, 2017
And the leader obliging Tuesday morning:
— Sen. McConnell Press (@McConnellPress) July 18, 2017
McConnell tweeted that the Senate would vote to follow the repeal with “a stable, 2 year transition period as we work toward patient-centered” health care. In other words — the GOP will kick the can down the road for two years until we reach a point where the federal government will be gridlocked in the midst of a Presidential campaign, to say nothing of House and Senate elections.
CBO Score Shows Nothing Stable or Patient-Centered
Conveniently missing from both the President’s tweets or McConnell’s statement was that the Congressional Budget Office (CBO) already scored the cost and impact of a complete Obamacare repeal back in January. The results of repeal would be devastating to every American.
The number of people who are uninsured would increase by 18 million in the first new plan year following enactment of the bill. Later, after the elimination of the ACA’s expansion of Medicaid eligibility and of subsidies for insurance purchased through the ACA marketplaces, that number would increase to 27 million, and then to 32 million in 2026.
Premiums in the nongroup market (for individual policies purchased through the marketplaces or directly from insurers) would increase by 20 percent to 25 percent—relative to projections under current law—in the first new plan year following enactment. The increase would reach about 50 percent in the year following the elimination of the Medicaid expansion and the marketplace subsidies, and premiums would about double by 2026.
As was the case with the Affordable Care Act, even Americans who rely on employer-based health insurance will see their expenses fluctuate in relation to the marketplace. Or, in this case, lack of a marketplace. One Senator didn’t mince words when it came to what the nation would be facing in the event of repeal:
CBO scored repeal without a replacement – it's a humanitarian disaster of incomprehensible scale. 32M lose insurance. Premiums go up 100%.
— Chris Murphy (@ChrisMurphyCT) July 18, 2017
A humanitarian disaster of incomprehensible scale. Politicians are prone to speak hyperbolically, but how else is one expected to digest such a projection? Premiums — already averaging more than $5,000 per individual — doubling. 10% of the entire population losing health care altogether. This is making America great again?
Luckily for America (and humanity in general), the newest Trump/McConnell scheme already may be dead on arrival.
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