About 32 million fewer people would have health insurance in 2026 if Obamacare is repealed and not replaced, the Congressional Budget Office announced on Wednesday evening. Additionally, premiums would double and 75 percent of the population would live in an area that does not have a single insurer that is on the individual market.
BREAKING: Congressional Budget Office: GOP repeal of Obama health law without replacement means 32 million more uninsured by 2026.— The Associated Press (@AP) July 19, 2017
Also:— Mark Murray (@mmurraypolitics) July 19, 2017
-- Premiums would about double by 2026
-- 3/4 of population would have NO insurer participating in individual market https://t.co/Zm1Ny6QIeh
Per the CBO report, after Medicaid expansion and subsidies for insurance plans are eliminated in 2020, 27 million people would be left uninsured. This number would then rise to 32 million in 2026. In 2018, if Obamacare were repealed and not replaced, premiums would increase by about 25 percent, and 10 percent of people would be living in an area with no private insurer.
On Twitter, many were quick to point out that the lack of insurers in individual markets due to the repeal of Obamacare could have the unintended consequence of leading to a single-payer system.
tfw u want a free market so u pave the road to single payer https://t.co/isjRxgBaQE— Haley Byrd (@byrdinator) July 19, 2017
Getting rid of the private individual insurance market is one way to get to single-payer. https://t.co/DzIAkB26qR— Garance Franke-Ruta (@thegarance) July 19, 2017