CBO: GOP Repeal of Health Reform Will Add $230 Billion to Deficit, Eliminate Coverage for 32 Million, and Americans Will Pay More for Less
The nonpartisan Congressional Budget Office (CBO) just released an estimate of the Republican bill to repeal the Affordable Care Act and finds the GOP plan explodes the deficit and will have a devastating impact on the health of millions of Americans.
According to CBO, here’s what the GOP repeal bill means for Americans:
Adds $230 billion to the deficit over the first ten years and more than $1.2 trillion in the second decade (around one-half percent of GDP)
32 million Americans will lose health coverage
Americans will get fewer health benefits for their money
Americans purchasing health insurance on their own will see their costs rise
Health care premiums for Americans getting coverage through large employers will go up