CBO Paints Grim Portrait of Obamacare Repeal

Jan 20, 2017 / Michael Natalie, Horsesmouth Assistant Editor

The Congressional Budget Office released a report this week estimating the budgetary effects of H.R. 3762, the Restoring Americans’ Healthcare Freedom Reconciliation Act of 2015.

H.R. 3762, the brainchild of the incoming Secretary of Health and Human Services Tom Price, would repeal Obamacare’s mandate provisions and subsidy provisions but leave its market reforms in place.

The CBO estimates that these changes would cause the uninsured population to swell to 18 million in the first year following enactment, eventually hitting 32 million in 2026.

Furthermore, premiums for individual insurance policies would increase by 20 to 25 percent in the short term and double by 2026.

The full CBO report in its proper context may be viewed here.

 

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