How Repealing Portions of the ACA Would Affect Health Insurance & Premiums

[FONT=source_sans_proregular]A little more than a year ago, the Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) estimated the budgetary effects of H.R. 3762, the Restoring Americans’ Healthcare Freedom Reconciliation Act of 2015, which would repeal portions of the Affordable Care Act (ACA) eliminating, in two steps, the law’s mandate penalties and subsidies but leaving the ACA’s insurance market reforms in place. At that time, CBO and JCT offered a partial assessment of how H.R. 3762 would affect health insurance coverage, but they had not estimated the changes in coverage or premiums that would result from leaving the market reforms in place while repealing the mandate penalties and subsidies. This document—prepared at the request of the Senate Minority Leader, the Ranking Member of the Senate Committee on Finance, and the Ranking Member of the Senate Committee on Health, Education, Labor, and Pensions provides such an estimate.[/FONT][FONT=source_sans_proregular]In brief, CBO and JCT estimate that enacting that legislation would affect insurance coverage and premiums primarily in these ways:[/FONT]

• The number of people who are uninsured would increase by 18 million in the first new plan year following enactment of the bill. Later, after the elimination of the ACA’s expansion of Medicaid eligibility and of subsidies for insurance purchased through the ACA marketplaces, that number would increase to 27 million, and then to 32 million in 2026.
• Premiums in the nongroup market (for individual policies purchased through the marketplaces or directly from insurers) would increase by 20 percent to 25 percent—relative to projections under current law—in the first new plan year following enactment. The increase would reach about 50 percent in the year following the elimination of the Medicaid expansion and the marketplace subsidies, and premiums would about double by 2026.

[FONT=source_sans_proregular]The ways in which individuals, employers, states, insurers, doctors, hospitals, and other affected parties would respond to the changes made by H.R. 3762 are all difficult to predict, so the estimates in this report are uncertain. But CBO and JCT have endeavored to develop estimates that are in the middle of the distribution of potential outcomes.[/FONT]
[FONT=source_sans_proregular]In an effort to make this information more useful, CBO and JCT have updated their estimates of H.R. 3762’s effects on health insurance coverage and premiums using CBO’s most recent baseline projections, which were released in March 2016, and adjusted the effective dates in the legislation to reflect an assumption that enactment would occur one year later.[/FONT]

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TheDemSocialist said:

Read more @:
[h=1]How Repealing Portions of the Affordable Care Act Would Affect Health Insurance Coverage and Premiums[/h]


Year one if the ACA is repealed, 18 million without insurance and premiums up 20-25%. Year 10 if the ACA is repealed, 32 million Americans with no coverage and premiums nearly double. This is why its so dangerous to repeal and not have a viable replacement plan intact.

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In brief, CBO and JCT estimate that enacting that legislation would affect insurance coverage and premiums primarily in these ways:

The number of people who are uninsured would increase by 18 million in the first new plan year following enactment of the bill.

Later, after the elimination of the ACA’s expansion of Medicaid eligibility and of subsidies for insurance purchased through the ACA marketplaces, that number would increase to 27 million, and then to 32 million in 2026.

Premiums in the non group market (for individual policies purchased through the marketplaces or directly from insurers) would increase by 20 percent to 25 percent—relative to projections under current law—in the first new plan year following enactment.

The increase would reach about 50 percent in the year following the elimination of the Medicaid expansion and the marketplace subsidies, and premiums would about double by 2026.

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Verax said:

How Repealing Portions of the Affordable Care Act Would Affect Health Insurance Coverage and Premiums

https://www.cbo.gov/sites/default/f...17-2018/reports/52371-coverageandpremiums.pdf



Congratulations on your victory!!! You've really stuck it to the man, the elite liberal snobs in Washington! The swamp is being drained one soul at a time. This along with the hack n slash of federal workers should have us on a direct path towards making America great again, one ruined American at a time; or in the case of the Trump administration, millions.

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Anthony60 said:

I think the government should just get out of the healthcare business. That's not their role. Sure, they can regulate it like any other industry, but most of that should be left to the States anyway.

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AliHajiSheik said:

So if they were to repeal ACA effective 12/31/2017, what would be the impact in 2017?

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ksu_aviator said:

Well, in 2010 I was purchasing a $3,500 deductible, 0% copay with Rx coverage for $90 a month. That was up from 2009 when it was $85/month. Now, a very similar plan with the same company is $490 a month and no Rx coverage. That's a 545% increase in 7 years. I'll take just a 50% increase year over year rather than the 77%.

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AliHajiSheik said:

Perhaps if you read my post again, you would understand why I'm so confused by your post. Hint: The correct answer is nothing.

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TheDemSocialist said:

So pretty much what the ACA does?

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ksu_aviator said:

I was just replying to the thread. You got quoted by mistake. :Oopsie

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Anthony60 said:

Yeah, except without the ACA and without the government. And without the preexisting BS and the other 2300 pages of garbage.

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TheDemSocialist said:

This makes absolutely no sense. Just in a post earlier you stated you want a regulation of the healthcare industry but now you are saying you dont want it to be regulated.

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Anthony60 said:

No, I'm saying we don't need a huge government bureaucracy and a bill that is thousands of pages long to have healthcare in this country.

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