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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Dec 11 4:00 PM EST

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From: Elroy Jetson	1/17/2017 7:25:43 PM
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The Congressional Budget Office has published some details on the impact of repealing portions of the 'Affordable Care Act' - cbo.gov Starting in 2018, the number of uninsured people in the United States would jump by 20 million, more than 6% of the population. “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.” Insurance premiums will also spike as a consequence of repeal, increasing “20 percent to 25 percent — relative to projections under current law — in the first new plan year following enactment.” These premium increases are in addition to the expected continued rise in medical costs. The coverage losses will stem partly from people choosing to go without insurance but will also be driven by insurers’ exodus from certain markets that will leave many Americans who want insurance without options. “Roughly 10 percent of the population would be living in an area that had no insurer participating in the nongroup market,” the budget office noted. Premiums will go up because healthy, younger people (no longer obligated to purchase insurance by the individual mandate) will opt to go without health insurance, leaving insurers with a customer base of sick, older people who are more expensive to cover. Paul Ryan has complained this CBO report does not take into account the mysterious and undisclosed Republican plan which will offer everyone more choices and better care for less money. Donald Trump has previously claimed he will save $300 billion a year by negotiating hard with pharmaceutical firms over the roughly $100 billion the government pays for medications through Medicare, the VA and Medicaid. Demanding that all medications be donated free of charge plus a refund of double the retail price would be a record setting negotiation, but also impossible.

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