24 Million People Stand To Lose Insurance Under GOP Obamacare Replacement

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Source: Huffington Post

The Republican plan to repeal and replace the Affordable Care Act would increase the number of Americans without health coverage by 24 million and reduce the federal budget deficit by $337 billion by 2026, according to a Congressional Budget Office report published Monday.


The American Health Care Act, conceived by House Speaker Paul Ryan (R-Wis.) and endorsed by President Donald Trump, has already been approved on party-line votes in two House committees.


These negative findings give lie to Trumps repeated promises that the Republican alternative would provide universal coverage and lower prices for Americans. Shortly before taking office, for example, Trump told The Washington Post that were going to have insurance for everybody that would be much less expensive and much better.


Read more: http://www.huffingtonpost.com/entry/24-million-more-uninsured-under-gop-obamacare-replacement_us_58c6ebb2e4b0598c6698b098?dw8jqotcy8z4obt9&

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While similar to the CBO release, that report buries the lead.

CBO record on ACA was quite good:

https://talkingpointsmemo.com/dc/cbo-obamacare-american-health-care-act

Elmendorf, now the Dean of Harvard's Kennedy School of Government, agreed that on the big questions surrounding the ACA, the CBO has been vindicated.

"CBO was right that insurance coverage would rise sharply under the ACA, which a number of prominent people disagreed with at the time," he told TPM. "CBO was right that employers would not stop offering health insurance in large numbers. The CBO was right, roughly, about the level of insurance premiums today."

"Premiums came in below CBO's forecast, but they've since caught up," he clarified. "CBO estimated what insurers would need to charge in order to cover their costs. But in fact, for the first few years, insurers charged less and suffered losses. Now they are charging closer to what CBO expected."