Repeal of the Affordable Care Act (ACA) would result in 14 million people losing Medicaid coverage, according to a June 19 Congressional Budget Office (CBO) report. The CBO estimates that an additional 18 million people would drop their individual coverage, and only 8 million of these people would be eligible for employer-sponsored coverage. This would result in 24 million non-elderly U.S. residents becoming uninsured.
The CBO also found that if a full ACA repeal took effect on Jan. 1, 2016, the federal deficit would increase by $137 billion between 2016 and 2025. Full ACA repeal would cost the government largely through increased Medicare payment rates, elimination of the tax on high-premium insurance plans, and the tax-exempt nature of premiums for employer-based coverage. The government would recoup a portion of this loss through the repeal of health insurance marketplace subsidies.
Contact Zina Gontscharow, MPP, policy analyst, at email@example.com or 202.585.0113 with questions.