According to the Washington Post, Congressional budget analysts estimated Wednesday that a Senate plan to repeal part of the Affordable Care Act with no immediate replacement would increase the number of people without health coverage by 17 million next year and 32 million at the end of a decade. The forecast by the Congressional Budget Office of the impact on coverage of the Senate GOP’s latest health-care legislation is nearly identical to estimates the CBO made in January based on a similar bill that passed both the House and Senate in late 2015 – and was vetoed by then-President Barack Obama.
The new report also said the legislation would decrease federal deficits by $473 billion over that 10-year window.
The measure, which appears to have little chance of passing, would get rid of ACA premium subsidies as of 2020 and would eliminate the penalty most Americans face if they go without health insurance. It would end Medicaid expansion as of 2020 as well as repeal several of the ACA’s taxes. And the cost-sharing subsidies that have been paid to insurers to help lower-income consumers afford their deductibles and other health expenses would be repealed in 2020.
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