CBO Estimates 18 million Would Become Uninsured in First Year of ACA Repeal
A new report from the non-partisan Congressional Budget Office (CBO) shows that 18 million people nationally would become uninsured in 2018. According to the report, the number of uninsured would grow to 27 million after the repeal of Medicaid expansion and the subsidies used to purchase coverage through the Marketplace go into effect. The report estimates that 32 million people would become uninsured by 2026.
The cost of insurance in the individual market would also skyrocket. The report estimates that premiums in the non-group insurance market would increase by 20 to 25 percent in the first new plan year compared to what they would have if the ACA had remained in place as it is today. The CBO estimates that this increase would reach 50 percent after the elimination of Medicaid expansion and Marketplace subsidies and then double by 2026.