Now that the Republicans have control of the House, the Senate, and the Presidency, they finally have to meet their promises of repealing and replacing Obamacare (Affordable Care Act). The Republicans quickly scrambled to put together this piece of legislation, that they decided to call the “American Health Care Act”, simply adding one word to the previous title.
Many have already pointed out the tax cuts that will go to CEO’s making over 500,000 dollars a year, and the furthering of power of the states to refuse the expansion of medicare that will result in lack of coverage and increased cost of health insurance.
The American people have eagerly been waiting and anticipating the release of the Congressional Budget Office’s report on the American Health Care Act, so that they can analyze the numbers of how much it will cost and how many Americans will lose health insurance.
The CBO reports are not looking good for the American people, as it will lead to the loss of health insurance coverage for millions of American people.
The evidence from the Congressional Budget Office shows that amount of Americans without health care coverage will skyrocket in the transition from Affordable Care Act to the American Health Care Act. The amount of Americans without health insurance will go up by 14 million adding to the 27 million Americans who do not have healthcare, as soon as 2018.
Additionally, by the time we reach 2020 and 2026, the number of those uninsured will be an additional 21 million in 2020, and 24 million in 2026.
On top of the extremely concerning numbers of uninsured Americans skyrocketing, it is evident that the cost for older Americans making less money and near the level of poverty will go up.
According to FiveThirtyEight’s analysis of the CBO report: “a 64-year-old who earned $26,500 per year would have to pay an estimated $14,600 under the GOP plan — compared with $1,700 under the current law.”
Under the Republicans healthcare plan titled “American Health Care Act”, not only will the amount of Americans uninsured sky rocket by 52 million, but the health care will cost 12,900$ more for a 64 year old man making 26,500 annually.
The new “American Health Care Act” does not seem like it will be very popular among the American people, as it will make the costs for many poor Americans skyrocket, and tens of millions will also lose health insurance.