Millions to lose insurance under Trumpcare

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Millions of Americans are likely to lose insurance under President Donald Trump’s alternative healthcare program, commonly referred to as Trumpcare, Congress has warned.

If passed into law, the American Health Care Act (AHCA), which was introduced by Republicans last week, will leave 24 million more Americans uninsured by 2026, the Congressional Budget Office warned on Monday.

In 2018 alone, the coverage will be removed for as many as 14 million people, who would otherwise be covered under former President Barack Obama’s signature healthcare law, the Affordable Care Act (ACA), which expires in 2019.

"In 2026, an estimated 52 million people would be uninsured, compared with 28 million who would lack insurance that year under current law," the CBO projected.

According to the nonpartisan committee, without the Obamacare’s penalties associated with not having insurance, 7 million fewer people would get insurance through their employers by 2026.

Under the new plan, the federal budget deficit would also be slashed by over $300 billion over the next decade, the report noted.

It was also noted in the report that the AHCA would not affect the individual market, meaning that people without insurance from an employer or government program would continue to pay for their insurance. This is not any different from the Obamacare.

2017.03.14 / 12:48
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