Repealing the Affordable Care Act would result in 32 million Americans losing their health insurance by 2026, according to an analysis published Tuesday by the Congressional Budget Office (CBO) and the Joint Committee on Taxation.
The CBO projected that the 2015 bill passed by Congress to repeal Obamacare, which would have immediately eliminated the individual mandate penalizing those who do not purchase insurance plans, would have resulted in 18 million people losing their health insurance in the first new health plan year.
The 2015 bill, which was vetoed by President Obama, dictated that two years after enactment, Medicaid expansion and subsidies for plans purchased through the marketplace would be eliminated, which would bring the uninsured level to 27 million. People would continue to lose health insurance, reducing those covered to 32 million by 2026, according to the CBO's analysis.
Read More →