The Republican replacement to Obama Care constructed by House Speaker Paul Ryan was recently reviewed by the Congressional Budget Office in a report which outlined its projected effects and costs. If you’re wondering how this plan might affect your health care or whether or not you should root for it as it’s put up for vote in congress, the CBO report can give you a bit of insight. The plan repeals the individual mandate that was intended to keep younger people in the system, and removes obligations for state’s eligibility requirements. This will lead to an estimated 14 million more uninsured Americans in 2018, 21 million in 2020, and up to 24 million by 2026, compared to how many would be uninsured under current law. Paul Ryan also butchered the taxes of Obamacare amounting to a $600 billion tax cut for the top of the tax bracket according to the Joint Committee on Taxation. This massive loss in coverage and blatant loyalty to the billionaire class has drawn away support from Republicans wary of an angry constituency. Voters furious with the mere Republican rhetoric to repeal Obamacare, a few weeks after Trumps inauguration, stormed town halls of congressman all across the country to ask their representatives to think of their loved ones that depend on the ACA. This has at least tamed Republicans to put together a replacement plan first, but the ACHA will not appease those crowds and they are well aware, the bill has been tabled as a result. However, there are some positive aspects to this legislation, despite premiums being projected to rise before 2020, they are expected to decrease the following decade. The bill would also lead to a $337 billion reduction of the Federal deficit, but recent amendments would reduce that figure to $151 billion as the bill is currently under revision to be put to a vote.
Categories:
Anticare
0