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Author: Subject: Republican healthcare plan: 24 million people could lose coverage, CBO reports
marymary100
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[*] Post 506930 posted on 13-3-2017 at 21:22 Reply With Quote
Republican healthcare plan: 24 million people could lose coverage, CBO reports



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As many as 24 million Americans risk losing health coverage over the next decade under the Republican plan to replace the Affordable Care Act, popularly known as Obamacare, the nonpartisan Congressional Budget Office reported.
By 2026, an estimated 52 million people would be uninsured if Congress enacts the healthcare proposal, compared with 28 million who would lack insurance that year under current law, according to the report. President Donald Trump, who supports the legislation, vowed that the plan would provide “insurance for everybody”.
The congressional analysts estimate that the Republican healthcare proposal could reduce the federal budget by $337bn over 10 years, with largest savings would come from cuts to the federal Medicaid program and “Obamacare” tax credits for people who buy insurance individually.


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[*] Post 506933 posted on 14-3-2017 at 07:14 Reply With Quote


Makes you glad to live under British rule. :D rather than the "land of the free" (Sic.)
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[*] Post 506937 posted on 15-3-2017 at 02:16 Reply With Quote


The CBO report has two major problems which lead to its mistaken conclusions:

First, as mentioned in the article, it only takes into account the first of three parts to be enacted. It is like drawing the conclusion that the new car to be purchased will not run, because it has no gasoline in the tank, when in fact the purchaser will put in gasoline before driving it off the lot.

The second problem is that any comparison to Obamacare which ignores the fact that Obamacare is in a death spiral is unrealistic. Obamacare has driven up the cost of health insurance, which leads people to drop their coverage (unless they have expensive medical conditions), which leads insurance companies to raise their rates to make up for those who have quit, which leads more people to drop their coverage because they can't afford the higher rates. . . . Several states only have a single health insurance company still writing policies. More harm will come to a greater number of people if Obamacare is allowed to collapse on its own, instead of compassionate intervention to help the people who cannot afford the upward spiral of health insurance costs.
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