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Trump signs executive order that could effectively gut Affordable Care Act’s individual mandate

"exec" writes:

The order directs all federal agencies to minimize the law’s “economic and regulatory burdens” as felt by consumers, insurers, providers, drug companies and states.

https://www.washingtonpost.com/politics/trump-signs-executive-order-that-could-lift-affordable-care-acts-individual-mandate/2017/01/20/8c99e35e-df70-11e6-b2cf-b67fe3285cbc_story.html [washingtonpost.com]

-- submitted from IRC

Congressional Budget Office: Obamacare Repeal Would Be Catastrophic

-- OriginalOwner_ [tinyurl.com] writes:

from the but-wouldn't-affect-congresscritters'-excellent-coverage dept.

U.S. Uncut reports [usuncut.com]

The Congressional Budget Office (CBO) has released its official analysis of the Republican plan to repeal Obamacare, and top Republicans hate it.

The CBO based its findings [cbo.gov][1] on H.R. 3762 (the Healthcare Freedom Reconciliation Act), which was the 2015 Affordable Care Act repeal bill that passed the House of Representatives. The nonpartisan budgetary agency determined that within one year of President Obama's signature healthcare reform law being repealed, roughly 18 million people would lose their health insurance. In following years, when the expansion of Medicaid codified into the Affordable Care Act is also eliminated, the number of uninsured Americans would climb to 27 million, then to 32 million.

Additionally, for those remaining Americans who didn't lose their health coverage from the initial repeal process, health insurance premiums would skyrocket by as much as 25 percent immediately after repeal. After Medicaid expansion is taken away, premiums costs would have gone up by roughly 50 percent. The costs continue to climb, with the CBO estimating a 100 percent increase in premium costs by 2026.

CBO analysts particularly focused on H.R. 3762's repeal of the health insurance mandate that requires all Americans to have health insurance, and the bill's elimination of subsidies for low-income families that make health insurance more affordable. The CBO found that pulling out those cornerstones of the Affordable Care Act would "destabilize"[2] the health insurance market, leading to a dramatic increase in premium costs.

[1] PDF Google cache [googleusercontent.com]
[2] Duplicate link in TFA.

Original Submission #1  Original Submission #2