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Analysis: Repealing Obamacare Would Cost $1 Trillion

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By    |   Thursday, 05 Jan 2017 03:25 PM

Repealing the Affordable Care Act would lead to more than $1 trillion in increased payment for patients who cannot afford to pay, according to a new analysis reported by the Washington Examiner.

The Urban Institute conducted the analysis, which the Examiner reported Thursday. It does not take into account the GOP plans to keep the act, nicknamed Obamacare, running for a few years until the party can set up and approve a replacement.

From 2019 to 2028, the newly uninsured would need $1.1 trillion in additional care, including $296 billion in hospital treatment, according to the analysis.

Almost 30 million will go uninsured by 2019 if Obamacare is repealed, according to the study, from 28.9 million now to 58.7 million in 2019, the Examiner reported.

The Urban Institute said the individual market, for those who do not get insurance through their job, would "unravel" due to the partial Obamacare repeal Congress is planning.

The resolution sets budget and spending levels for the next decade but does not include a replacement for Obamacare. It starts the reconciliation procedure, which would repeal the law without requiring 60 votes for a filibuster.

The Senate voted 51-48 Wednesday for a procedural vote that would start the repeal, according to The New York Times.

Another analysis, published Wednesday by the Committee for a Responsible Federal Budget, put the cost of repeal at $350 billion.

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Repealing the Affordable Care Act would lead to more than $1 trillion in increased payment for patients who cannot afford to pay, according to a new analysis reported by the Washington Examiner.
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2017-25-05
Thursday, 05 Jan 2017 03:25 PM
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