The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.

Wednesday, July 19, 2017

CBO Scores TrumpCare Bill (Well...)

Image result for CBOMitch McConnell and his band of 13 Senatorial social terrorists dare submit a bill to the CBO named as such:

H.R. 1628, Obamacare Repeal Reconciliation Act of 2017

How silly and over the top crass.

But, of course, we know the GOP is all about surface with little to no interest in the callousness of that which is behind the strategically named bill. People losing medical coverage comparable to no other nation of the Earth.  

The CBO published its findings this afternoon. The bottom line; the review yielded more shameful findings. 

Summary points

Net Effects of the Obamacare Repeal Reconciliation Act of 2017 on the Budget Deficit

CBO and the staff of the Joint Committee on Taxation (JCT) have completed an estimate of the direct spending and revenue effects of the Obamacare Repeal Reconciliation Act of 2017, an amendment in the nature of a substitute to H.R. 1628, which would repeal many provisions of the Affordable Care Act (ACA). According to the agencies’ analysis, enacting the legislation would decrease deficits by $473 billion over the 2017-2026 period (see figure below).
CBO and JCT estimate that enacting the legislation would affect insurance coverage and premiums primarily in these ways:
  • The number of people who are uninsured would increase by 17 million in 2018, compared with the number under current law. That number would increase to 27 million in 2020, after the elimination of the ACA’s expansion of eligibility for Medicaid and the elimination of subsidies for insurance purchased through the marketplaces established by the ACA, and then to 32 million in 2026.
  • Average premiums in the nongroup market (for individual policies purchased through the marketplaces or directly from insurers) would increase by roughly 25 percent—relative to projections under current law—in 2018. The increase would reach about 50 percent in 2020, and premiums would about double by 2026.
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. That share would continue to increase, extending to about three-quarters of the population by 2026.
End Summary
Your GOP is a sad state of existence.

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