GOP Plan: Increase Premiums, Uninsure Millions, Increase the Deficit
From TPMDC: GOP's Anti-Obamacare Bill Would Hike Premiums, Uninsure 13 Million
House GOP legislation to delay Obamacare's individual mandate by five years would cause a spike in health insurance premiums and 13 million fewer Americans insured, according to the Congressional Budget Office.The bill is set to come up for a vote on Friday, a Republican leadership aide said…
It would cause insurance premiums to "increase by 10 percent to 20 percent" come 2018, CBO projected. It would lead to one million fewer people on Medicaid or the Children's Health Insurance Plan, one million fewer people with employer-based coverage and seven million fewer with coverage from the Obamacare exchanges. [3/12]
But that's not all! The House GOP bill would also dramatically increase long-term deficits…
From the Committee for a Responsible Federal Budget:
…the bill would increase deficits in the 2nd decade likely by over $200 billion (and potentially significantly more). [3/12]
Just another example of how House Republicans' partisan political ideology would make life worse for American workers and their families.