CBO Projects Obamacare Repeal Would Leave 32 Million Uninsured By 2026

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CBO Projects Obamacare Repeal Would Leave 32 Million Uninsured By 2026
By Caitlin MacNeal
Published January 17, 2017, 12:23 PM EDT


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.

The CBO also calculated that in the first new plan year after enactment, premiums for those in the individual market would have risen by 20-25 percent, and then would almost double by 2026.

It's not clear what parts of the 2015 bill Congress will use to repeal Obamacare, and Republicans have yet to detail what their replacement plan would look like. But the CBO analysis offers a glimpse at the impact of a repeal if Congress does not develop a replacement.

The new analysis was requested by Senate Minority Leader Chuck Schumer (D-NY) and the Democratic ranking members of the Senate Finance Committee and the Senate Committee on Health, Education, Labor, and Pensions.

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