Repealing Obamacare without replacement would hike premiums 20% and leave 18 million uninsured, report says


http://www.latimes.com/politics/la-na-obamacare-repeal-costs-20170117-story.html

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Repealing Obamacare without a replacement would result in higher costs for consumers and fewer people with insurance coverage, according to a report Tuesday from the nonpartisan Congressional Budget Office.

In the first year, insurance premiums would jump by 20% to 25% for individual policies purchased directly or through the Obamacare marketplace, according to the report. The number of people who are uninsured would increase by 18 million.

Those numbers would only increase in subsequent years. Premium prices would continue to climb by 50% the next year, with the uninsured swelling to 27 million, as full repeal took effect, the report said.

Americans may be beginning to worry about such costs. For the first time, more Americans view the Affordable Care Act as a “good idea,” rather than a bad one, according to a new Wall Street Journal/NBC News poll also released Tuesday.

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