The Congressional Budget Office has released their nonpartisan analysis of the Republican plan to repeal Obamacare without passing a replacement bill.
Within a decade, 32 million Americans would lose health insurance coverage while premiums would double for individual polices.
The legislative analysis was compiled by the CBO and staff from the Joint Committee on Taxation (JCT).
“In CBO and JCT’s estimation, under this legislation, about half of the nation’s population would live in areas having no insurer participating in the nongroup market in 2020 because of downward pressure on enrollment and upward pressure on premiums,” the CBO score warned. “That share would continue to increase, extending to about three-quarters of the population by 2026.”
The GOP plan to repeal the Affordable Care Act absent a replacement has received increasing attention since Trumpcare died in the US Senate on Monday.
“The latest CBO score of the Senate Republican ‘repeal and run’ bill confirms: it was a horrible idea in January and it’s a horrible idea now,” Senate Minority Leader Chuck Schumer (D-NY) said in a statement. “President Trump and Republicans have repeatedly promised to lower premiums and increase coverage, yet each proposal they offer would do the opposite.”