CBO: Republican Health Plan Will Cause 14 Million To Lose Insurance Right Away
The nonpartisan Congressional Budget Office has released its scoring of the Republican plan to replace Obamacare and according to their analysis, the impacts would devastating.
How many people will lose insurance under the Republican health plan?
The CBO estimates that 14 million people to lose their health insurance right away if it becomes law. And by 2026 that number would climb to 24 million by 2026.
Under Obamacare 20 million people have gained coverage and the uninsured rate in the country has dropped to a record low. The Republican plan to replace Obamacare would decimate that progress and lead to millions losing their health insurance.
How many people will lose Medicaid coverage under the Republican plan?
Medicaid expansion has been a key driver to increasing coverage for low-income Americans for Obamacare. The Congressional Budget Office analysis found that 14 will lose their Medicaid coverage under the Republican plan. According to CBO, the Medicaid cuts under the Republican will culminate “in 14 million fewer Medicaid enrollees by 2026,” compared to if Obamacare stays in place.
This story is developing and we will update as details emerge.
