Here’s what happens in Alaska with a straight repeal of the Affordable Care Act
The nonpartisan CBO only performed a national, macro-economic analysis of the bill. But a likely scenario -- a crash of
To be sure, some lawmakers, including
That has not always been a workable path for
As of Wednesday afternoon, Senate Majority Leader
Nevertheless, Murkowski remained a "no" vote Wednesday, along with Republican colleagues
On Wednesday, the CBO released an updated version of its 2015 "score" of the bill detailing its likely economic impact.
The presumption is simply what the bill would do, precluding, of course, any potential follow-up legislation.
"This legislation would make two primary sets of changes that would affect insurance coverage and premiums," the report said. "First, upon enactment, the legislation would eliminate penalties associated with the requirements that most people obtain health insurance and that large employers offer their employees health insurance that meets specified standards. Second, beginning in 2020, the legislation would also eliminate the ACA's expansion of Medicaid eligibility and the subsidies available to people who purchase health insurance through a marketplace established by the ACA."
There are other measures that would have other impacts on coverage and premiums, but eliminating the requirement that people buy insurance (or face a tax penalty) and cutting tax subsidies for individual insurance and funding for Medicaid expansion would have the broadest impact.
The bill would keep many regulations set by the ACA in place. Insurance companies would still not be allowed to deny coverage for people with pre-existing conditions or vary premiums "on the basis of age, tobacco use, and geographic location," the report said.
The bill would also eliminate Medicaid expansion, which would be a fairly straightforward loss for
Nationally, CBO estimated that 17 million people would become uninsured by 2018 -- many because they were no longer beholden to the mandate to buy insurance.
CBO estimated that in 2018, premium prices would rise on average about 25 percent in individual markets, enrollment would decline and be made up of a less-healthy group of people. By 2020, prices would be about 50 percent higher, and by 2026, they would double, according to CBO. At that point, CBO estimated that 32 million more Americans would be without health insurance, largely because of the high cost.
In
According to the
Aside from passing legislation, Trump has raised the option, on occasion, of cutting off subsidy payments on the administrative side -- something that doesn't require congressional action.
Both Murkowski and Sullivan said they would not favor that approach.
"I've never been someone who says we should let the health system fail on its own," Sullivan said.
The "cost share subsidies I think are important to the marketplace everywhere and it is within the discretion of the administration to make those payments," Murkowski said. "The president has effectively made that decision on a monthly basis for the last several months," she said. "I do think if those cost-share subsidies are not continued, again, that just adds to greater uncertainty, which I don't think anyone welcomes."
"Almost 90 percent of people in
Correction: This article previously understated the number of Alaskans who have received Medicaid coverage under expansion, and by extension, the number who would lose coverage under a strict repeal bill. There are 34,739 Alaskans receiving Medicaid under the expansion, not 14,400.
___
(c)2017 the Alaska Dispatch News (Anchorage, Alaska)
Visit the Alaska Dispatch News (Anchorage, Alaska) at www.adn.com
Distributed by Tribune Content Agency, LLC.


County leaders to vote on LORD Corp.’s temporary tax exemption request
Plug and Play Insurtech Signs Its 50th Partner
Advisor News
- Addressing the longevity paradox
- Employers shift focus from retirement access to financial outcomes
- Helping widowed clients navigate their new financial reality
- Navigating client communication in a digital age
- Can your advisory firm survive without you?
More Advisor NewsAnnuity News
- Farm Bureau P&C insurers post first underwriting gain since 2021
- Legacy Marketing, Malibu Life launch two fixed indexed annuities
- Changing client priorities are reshaping annuity conversations
- Solen Software acquires annuity software provider Cooperative Technologies
- MassMutual Expands Lending Options With New Secured Credit Line
More Annuity NewsHealth/Employee Benefits News
- How California can stop making health insurance more expensive
- MIDTERM ELECTION UPDATE: MEDICAID CHANGES
- What’s behind the growth of CHOICE arrangements?
- Addressing the longevity paradox
- Wyman remembered as trailblazer and mentor
More Health/Employee Benefits NewsLife Insurance News