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CBO: Obamacare repeal will increase uninsured by 24 million by 2026

CBO: Obamacare repeal will increase uninsured by 24 million by 2026

A Republican bill to replace Obamacare would lead to 14 million fewer Americans with health insurance by 2018 and 24 million by 2026, the non-partisan Congressional Budget Office said Monday in an analysis that could make the controversial legislation even tougher for GOP leaders to push through Congress.

Most of the initial increase in uninsured people in 2018 would come from consumers deciding not to buy insurance because they would no longer have to pay a penalty for failing to do so, the CBO said. However, others would stop buying insurance because premiums will go up over the next two years, the analysis said.

The bill is expected to raise the average premiums that Americans would have to pay before 2020, and then lower them after that, the CBO projected. In 2018 and 2019, the average premiums for single policyholders who do not get insurance from their employers would be 15% to 20% higher than under Obamacare, the analysis said.

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