From POLITICO – BREAKING: BREAKING NEWS: Senate ‘repeal only’ bill would leave 32 million more uninsured, CBO says

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POLITICO

BREAKING – BREAKING NEWS: Senate ‘repeal only’ bill would leave 32 million more uninsured, CBO says

Originally published: 07/19/17 05:23 PM EDT

A revived bill that would dismantle large parts of Obamacare without an immediate replacement would leave 32 million more people uninsured and double premiums over a decade, the Congressional Budget Office said in a report Wednesday.

The legislation — an updated version of the repeal measure nearly all GOP senators voted for in 2015 — is on track to reach the Senate floor early next week, where it would likely fail.

Republican leaders pledged to put the bill to a vote after their initial effort to repeal and replace Obamacare fell apart in stunning fashion, though a number of holdout lawmakers are meeting later tonight to try to salvage the effort.

If that fails, CBO’s analysis offers a stark look at the GOP’s remaining option for following through on their seven-year vow to eliminate Obamacare.

The nonpartisan scorekeeper’s report projects that 17 million people would lose insurance in the first year after a partial repeal that includes ending Obamacare’s Medicaid expansion and repealing most of the taxes tied to the law. Premiums would jump 25 percent over that same period, as insurers grapple with the effective elimination of Obamacare’s requirement that everyone purchase coverage.

Those findings are in line with CBO’s estimates for the 2015 bill, released in January.

This new analysis also predicts that insurers would flee the Obamacare markets in response, leaving half the nation’s population with no individual market coverage options by 2020.

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