Vice President for Health Policy
Repealing much of the Affordable Care Act (ACA) would cause 32 million people to lose coverage by 2026 and roughly double premiums in the individual insurance market, the Congressional Budget Office (CBO) estimated today.
CBO analyzed the impact of an ACA repeal bill that President Obama vetoed last year, which will likely be a model for the bill that congressional Republicans intend to pass this year. The vetoed bill would have immediately eliminated the ACA’s individual and employer mandates and repealed the ACA’s Medicaid expansion and marketplace subsidies after two years, while retaining the ACA’s market reforms and consumer protections (including the protections for people with pre-existing conditions).
Among the key findings:
The estimated increases in the number of uninsured are much greater than earlier CBO estimates because CBO and the Joint Committee on Taxation previously “had not estimated the changes in coverage from leaving the ACA’s insurance market reforms in place while repealing the mandate penalties and subsidies,” today’s report explains.