The CBO reports that if Congressional leaders succeed in repealing the Affordable Care Act without a replacement plan, the impacts will be devastating:
- The number of Americans without health insurance will increase by 18 million people in the first year after repeal, and 32 million people will be without health insurance over the next ten years.
- This includes 19 million people who will lose access to Medicaid, because of the repeal of Medicaid Expansion.
- In the year 2026, 1 in every 5 Americans under the age of 65 will have no health insurance.
- Insurance premiums in the individual market will nearly double over the next ten years.
- Insurance premiums in the individual market will increase by 20-25% in the first year alone after repeal.
- In ten years, 75% of Americans will live in areas with no insurance companies participating in the individual health insurance market—leaving folks who don’t get insurance from their employers with almost no options to buy health insurance.
- Half of Americans will live in areas where no insurance companies will participate in the individual health insurance market in the first year after repeal.
You can read the full CBO report HERE.