Within an hour of the ‘non-partisan’ Congressional Budget Office’s report showing, among other things, that over 22 million Americans would lose their insurance coverage over the next decade, President Trump issued the following statement:
The CBO has consistently proven it cannot accurately predict how healthcare legislation will impact insurance coverage. This history of inaccuracy, as demonstrated by its flawed report on coverage, premiums, and predicted deficit arising out of Obamacare, reminds us that its analysis must not be trusted blindly. In 2013, the CBO estimated that 24 million people would have coverage under Obamacare by 2016. It was off by an astounding 13 million people – more than half—as less than 11 million were actually covered. Then, CBO estimated that 30 million fewer people would be uninsured in 2016, but then it had to reduce its estimate to 22 million, further illustrating its inability to present reliable healthcare predictions.
We know the facts. To date, we have seen average individual market premiums more than double and insurers across the country opting out of healthcare exchanges. As more and more people continue to lose coverage and face fewer healthcare choices, President Trump is committed to repealing and replacing Obamacare, which has failed the American people for far too long.
The Hill reported a summary of the CBO’s findings:
The Senate Republicans’ ObamaCare repeal-and-replace bill would result in 22 million more uninsured people over 10 years, according to the Congressional Budget Office.
The analysis is a hurdle for Republicans as they look to pass their bill this week.
The bill would result in a $321 billion deficit reduction over 10 years, the CBO found.
There would be 15 million more uninsured people next year, the report finds, largely due to the mandate to buy insurance being repealed. The number of uninsured would then rise in later years as smaller subsidies to buy private insurance and Medicaid cuts kick in.
Read the entire CBO report: