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.
Under the Affordable Care Act (ACA), 20 million Americans have enrolled in health insurance, and the uninsured rate has sunk to the lowest level on record. In New York, our ACA marketplace, the New York State of Health, has enrolled more than 2.8 million New Yorkers into high quality affordable coverage. New York’s uninsurance rate was cut in half between 2013 and 2015.
The ACA provides free coverage or subsidized coverage to the vast majority of New Yorkers obtaining coverage on the NY State of Health marketplace. The new Essential Plan provides free or low-cost coverage to almost 600,000 New Yorkers. The ACA also makes insurance work better for consumers. The extensive list of consumer protections it offers includes: preventive care with no cost-sharing; an end to lifetime and annual limits; a prohibition on discrimination in health care; and no more denials or delays of coverage because of pre-existing conditions.
HCFANY knows that many consumers woke up this morning worrying about whether they will lose the coverage they count on because of threats to repeal the ACA.
HCFANY calls on our elected leaders to assuage their fears and act as soon as practicable to maintain the advances in coverage that New Yorkers have received since the ACA was enacted. New York has always been a leader on health coverage issues. We look to the leadership of New York State to continue to find ways to provide quality, affordable coverage for all New Yorkers.