Donald Trump Threatens twenty Four Million Americans to Lose Health Insurance by Sherif Monem

With total disregard of millions of Americans in low and middle class Trump will wipe out their health insurance coverage just because he hates any Barack Obama signature legacy.

24 million would lose health insurance coverage by 2026 under GOP's Obamacare replacement, new estimate says

Many more Americans would be uninsured, and insurance premiums would temporarily spike under the leading Republican proposal to repeal and replace Obamacare, according to a new estimate that also projects the plan would cut the federal deficit.

Fourteen million more people would become uninsured next year if the American Health Care Act is signed into law, the Congressional Budget Office estimated.

By the year 2026, a total of 24 million more Americans would be uninsured than they would be under Obamacare, the CBO said.

The estimates starkly contrast with the Trump administration's claims that more people would be insured under the Republican bill than would be if Obamacare was kept in place. And they portend possibly even steeper obstacles to getting the bill passed and signed into law.

The projected loss in coverage next year alone equals about 70 percent of the 20 million or so people who have gained insurance as a result of the Affordable Care Act, as Obamacare is formally known.

The total loss in coverage over the next decade would wipe out Obamacare's gains in coverage, and then some.

"In 2026, an estimated 52 million people would be uninsured, compared with 28 million who would lack insurance that year under current law," according to the CBO's report.

Much of the reduction in the number of people who have health coverage next year would result from the bill's proposed repeal of Obamacare's individual mandate, which requires most Americans to have insurance of some form or face a tax penalty.

But reductions in insurance coverage between 2018 and 2026 "would stem in large part from changes in Medicaid enrollment — because some states would discontinue their expansion of eligibility, some states that would have expanded eligibility in the future would choose not to do so, and per-enrollee spending in the program would be capped," the CBO report said.

The Republican bill also would reduce the federal deficit by $337 billion over the next decade, the CBO estimated in an analysis of the embattled proposal, which is currently working its way through the House of Representatives.

That reduction represents the difference between a $1.2 trillion decrease in direct spending and a reduction of $883 billion in revenues.

The CBO also estimates that premiums for individual health plans in next year and in 2019 would on average by 15 to 20 percent higher than what they would be under Obamacare.

But by 2026, average premiums would be about 10 percent lower than they would be if Obamacare remained intact, the office said.

However, that would just an average, and there would be wide variation in premiums across different age groups, because the bill would allow insurers to charge older customers up to five times the premiums charged to younger customers. A 21-year-old customer in 2026, for example, would see premiums that would be 20 to 25 percent lower than under Obamacare, but a 64-year-old would be looking at premiums that would be 20 to 25 percent higher, the CBO said.

And because the bill would eliminated subsidies for lower-income customers' out-of-pocket health costs, their share of those costs would increase.

http://www.cnbc.com/2017/03/13/cbo-says-millions-lose-health-insurance-under-gop-obamacare-replacement.html

https://www.theguardian.com/us-news/2017/mar/13/budget-office-republican-healthcare-coverage-deficit-costs

Outcome

Humiliating Defeat

GOP health-care bill: House Republican leaders abruptly pull their rewrite of the nation’s health-care law