Washington, D.C. – Today, the nonpartisan Congressional Budget Office (CBO) released projections of how many Americans would gain or lose insurance under the Republican proposal to repeal the Affordable Care Act as well as cost projections for the proposed bill. The CBO analysis comes nearly a week after the Ways & Means Committee considered and voted to advance the Republican repeal bill. Congresswoman Terri A. Sewell voted against the repeal bill in committee.
“The CBO report released today makes one thing clear: the Republican repeal bill will cost American lives and leave millions uninsured,” said Rep. Terri Sewell. “Under this bill, 14 million Americans would lose their insurance within the next year. Over the next decade, that number would rise to an unsustainable 24 million uninsured Americans. Our healthcare infrastructure, from our rural hospitals to our network of family physicians, cannot withstand that kind of blow to health coverage. I believe that all Americans have a right to affordable healthcare, but this legislation turns healthcare into a privilege. For families in my district, the Republican repeal bill means more expensive coverage with fewer protections. We cannot ask working Americans to go broke, bankrupt, or do without healthcare.”
Today’s report from the CBO and Joint Committee on Taxation shows that by 2018, five million fewer people would be covered under Medicaid, six million fewer Americans would be covered in the individual market, and a total of 14 million more Americans would be without insurance. The CBO report estimates that in 2018 and 2019, average premiums for single policyholders in the non-group market would rise 15 to 20 percent under the GOP repeal bill.
In addition, the report shows that low-income seniors will see premium increases of $12,900, while the average 40 year old will see an average premium increase of $700. CBO projects that the actuarial value of all plans will decrease under the AHCA.