The Urban Institute released a new report today, which examines the implications of a partial repeal of the Affordable Care Act (ACA) through a process known as budget reconciliation. According the report’s findings, more than 1.1 million New Yorkers would become uninsured by 2019 under a partial repeal of the ACA.
New York State also stands to lose substantial funding from the federal government:
- The Urban Institute estimates that New York would lose more than $10 billion by 2028 in premium tax credits and cost-sharing reductions, which help make health insurance more affordable for individuals and families.
- The Urban Institute also estimates that New York would lose approximately $47 billion by 2028 in funding for Medicaid and the Children’s Health Insurance Program (CHIP).
- Although not included in the study, New York would also lose funding for its Basic Health Plan, branded the Essential Plan, which currently insures nearly 600,000 people.
Nationally, the number of uninsured is estimated to increase by 103 percent or 29.8 million people by 2019 under partial repeal. It is also estimated that there would be 12.9 million fewer people with Medicaid and CHIP coverage in 2019.
If you or someone you know would be affected by any of these issues, please share your story.