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The CBO releases its report on the Obamacare repeal legislation

March 13, 2017

  The Congressional Budget Office has released its long-awaited report on the Republican establishment’s Obamacare repeal legislation and there are some interesting numbers contained within. I will assume these numbers are correct because this is all we have to go on and the Republicans and the Democrats are going to use them to tout their positions.

  According to this story the Congressional Budget Office estimates that 24 million Americans will lose their healthcare insurance under the plan while the Federal deficit will be cut by federal deficit by $337 billion through 2026.

A Republican plan to replace the Affordable Care Act would leave 24 million more people without insurance in 2026 compared with current law, an analysis by the nonpartisan Congressional Budget Office has found.

The legislation would reduce the federal deficit by $337 billion through 2026, in large part because it would lower federal spending for Medicaid and end tax credits now provided to people on the Affordable Care Act’s insurance exchanges

  Part of the estimated 24 million people who would lose their insurance are people who would opt out of purchasing insurance. That is fine with me, I do not think anyone should be forced to buy a product they do not want and I do like the prospect of bringing down the deficit by over $300 billion. However:

The report, by the CBO and the Joint Committee on Taxation, said the number of insured would drop in part because of people opting to go without coverage once the requirement that most Americans have coverage or pay a penalty is repealed. Higher premiums would also prompt some people to opt to go without insurance.

Premiums in the individual market would tend to increase before 2020, rising up to 20% higher than under the ACA, in large part because of the demise of the penalty for not having coverage, based on the report. Premiums would then go down: In 2026, the average premiums for a single person in the individual market would be about 10% lower than under the health law now, the analysis found.

  The Republicans have been claiming that the biggest flaw in Obamacare was the fact that premiums were rising and they promised to make health insurance more affordable and yet according to this report the premiums will continue to rise through 2020 and at a higher rate than they would if Obamacare was left in place.

  As far as premiums dropping  10% after 2026; I am not buying that one bit, once the price goes up it will never come down. Maybe the premiums will stabilize…maybe, but even if they do come down 10% after 2026 the premiums will most likely have risen more than that by 2026 so we still lose.

  Paul Ryan is using this report to tout his position that this bill will bring down costs after a transition period. However a 10 year transition period before costs will hypothetically come down does nothing to help those of us who have been struggling with premium increases for years.

  I fail to see how this plan is any better than Obamacare.

malo periculosam libertatem quam quietum servitium

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20 Comments leave one →
  1. March 13, 2017 8:34 pm

    Did they get rid of the law forcing people to have health care insurance? If not then they should be charged ‘personally to make up the difference’ for those who can’t afford it! There’s an easy solution to all this but because of the fraud, greed, egos and other unattractive lacking’s they’ll want to keep the pork and toss out the meat. Re: Those who are ‘losing’ healthcare: Losing something that’s not of much worth isn’t really losing, but the ‘evils that be’ will magnify that over everything else.

    OT but you’ll like it:

    Liked by 2 people

    • March 14, 2017 7:38 am

      Technically they got rid of the mandate but they replaced it with a provision that if you do not keep continuous healthcare and you have a preexisting condition you will be hit with a 30% surcharge that goes to the insurance companies.
      Great job with the video, you have some great quotes in there. And thank you for including me in it! 🙂

      Liked by 1 person

      • March 14, 2017 11:47 am

        It all get SO complicated, like IRS forms and legal talk (you know who in all the details). Reminds me of car insurance. You have to have it. Our bodies like cars have their issues and get into ‘wrecks’ – of a sort. The insurance comp. can charge you more – just because of your life situation (bad credit or ‘suffer hardships’ brought on by an admins. that’s against the public? – they can charge you more!). Money is the answer to everything in this world and gets you perks, respect and “special treatment”, the poor or needed don’t get!
        Glad you liked the vid & “quotes” 😊. The LORD I think was the first Blogger. Of course there are many other good ones (ones I don’t even know about), but these are more of the perspectives I ‘click’ w/.

        Liked by 1 person

      • March 15, 2017 6:14 am

        They do have us in a corner because they know most of us need insurance so we have no choice but to put up with this. They are all taking advantage of us. And yes, I know who is in the details! 🙂
        Now I am reading that a full repeal would cost less people to lose their insurance than Ryancare does, these people have no clue what they are doing!

        Like

      • March 15, 2017 6:16 am

        “The Lord was the first blogger”
        I like that!

        Like

    • petermac3 permalink
      March 14, 2017 12:21 pm

      Great video!

      Liked by 2 people

  2. March 13, 2017 11:15 pm

    1) Whatever bill the House adopts the Senate will amend, so this whole discussion is a joke!
    2) A savings of $30 million would be ok if the cost did not increase elsewhere. The M&M twins currently cost $1 trillion and this cost is expected to increase.
    3) There are three seperate health care issues that need to be addressed: 1) individual plans 2) Medicare and 3) Medicaid. The individual should be allowed to purchase whatever insurance they want for 1 and 2. Get the government out of this market. Make it easier for individuals to purchase whatever they want. Allow more organizations to offer group plans. Allow Seniors to have the plans they want. Abolish the rules of Medicare Advantage.
    Medicaid needs to be returned to the private charties. A public/private partnership should oversee this so no one does not have medical care.

    Liked by 1 person

    • March 14, 2017 7:44 am

      Well said!

      Like

  3. March 14, 2017 3:26 am

    Reblogged this on Brittius.

    Liked by 1 person

    • March 14, 2017 7:44 am

      Thank you.

      Like

  4. petermac3 permalink
    March 14, 2017 12:34 pm

    Here’s some anecdotal evidence why Obamacare is the greatest boondoggle since LBJ’s Great Society and Model Cities: January, 2001 my 17 yr old son had back surgery, cost- $252,000, my out of pocket expense- $0. In 2005 I had quadruple open heart bypass surgery, cost-$311,000, my out of pocket expense-$0. Now that my friends is a valid reason to tear down what was the greatest health care system in the world. NOT!!!!!
    As a kid in the 50’s and early 60’s before Medicare a little old lady went to her doctor for her monthly out of pocket cash $10 B-12 shot. Today that would require tests and referrals and insurance approvals costing the system who knows how many thousands of dollars. The government has the Midad Touch, whatever it touches turns to mufflers….

    Liked by 2 people

    • March 14, 2017 6:51 pm

      I bet Obama Sr. is rolling in his grave having his name used in vain as it has been by the hazbeen. Supposedly Sr. died in a car accident in ’82. Funny how when the shadows want to get rid of someone they end up being killed (murdered) in a car accident. They didn’t do very work on the Photoshopped pics of them, but good enough for the masses to take it all in as true. But that’s a whole other can of dead stinking worms.
      “Back in the day, we paid for health care ourselves, directly to our doctor. Once we started putting middle men in between our doctors and patients, concern for costs became a thing of the past: why bother worrying about costs if everybody perceives that somebody else is paying for things?”
      http://freddsez.blogspot.com/2017/03/what-happened-to-all-of-this-repeal-and.html
      Like the housing bubble of ’08, insurance and medical hikes/costs have to come down … if not the ‘elites’ will just have to have robots to do what they’ve been using people for – oh yeah, they’re already on that! Who needs people when they can dictate to robots for their every desire. 👺

      Liked by 2 people

      • petermac3 permalink
        March 14, 2017 7:53 pm

        …not unlike the need for college loans to pay the unconscionable cost of college, a by product of gov’t and its money being handed out like M&M’s, coming between the student and the school.

        Liked by 2 people

      • March 14, 2017 7:56 pm

        There can only be so many waiters and waitresses w/ college degrees. What ‘mindset’ is being taught in the ‘higher academia’? … safe space and ‘by-products’ rather than ‘producers’ and ‘winners’!

        Liked by 2 people

      • March 14, 2017 8:50 pm

        AND that’s not to say a college student/graduate would make a “good waiter or waitress”! Some are good at it and others not, like any skill or talent. Honing what one exceeds in (and I don’t mean laziness or stealing/lying etc) is something the education system can help develop. But you’re talking about the con of the education system fulfilling a political purpose esp. by the criminals in that last admins. – who encouraged loan debt. [And are those who want to gain back their positions of power and control w/ the upcoming COUP].
        I didn’t want my statement to in any way degrade the quality of true dining servers!

        Liked by 1 person

      • March 15, 2017 6:20 am

        That’s right Zip, the costs started going up because of the insurance. Once they realized these companies would pay whatever they asked they went for it and now here we are.

        Liked by 1 person

    • March 15, 2017 6:18 am

      Nothing like finding a solution to a problem that doesn’t exist, right Peter!?

      Like

  5. March 14, 2017 7:25 pm

    It means nothing IMO.I doubt it is going anywhere. Approved yesterday was: Senate Approves Seema Verma As CMS Administrator – yesterday.
    Daily Caller. This is the one to keep an eye on. She will do all of the slicing and dicing as opposed to Tom Price. So far, the Caller gives her rave reviews. http://dailycaller.com/2017/03/13/senate-approves-seema-verma-as-cms-administrator/

    Liked by 2 people

    • March 15, 2017 6:21 am

      Thanks for the link, I will check it out.

      Like

  6. March 15, 2017 12:43 pm

    I would be concerned about those who chose to not buy insurance under the AHCA. The requirement that insurance companies cannot deny coverage for pre-existing conditions is still in there. That means our insurance premiums are going to have to go up to cover for those who don’t buy until they need the insurance.

    Liked by 1 person

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