24 Million People Will Lose Insurance Thanks to Trumpcare

Read the devastating CBO report on the GOP’s plan to repeal Obamacare.

Pablo Martinez Monsivais/AP

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It’s even worse than anyone had expected. On Monday, the Congressional Budget Office released its report analyzing the GOP’s plan to repeal and replace Obamacare, and it offers a bleak picture for the future for of access to health insurance for the country. The CBO predicts that, if the GOP’s plan becomes law, 14 million fewer people would have health insurance next year than would under Obamacare.

The projection gets even gloomier over the next decade. According to the CBO, the GOP plan would leave 24 million additional people without health insurance by 2026, compared to current law. That would leave 52 million people without insurance by 2026.

On the bright side for Republicans, the bill would make a small dent in the federal deficit, reducing it by a total of $337 billion over 10 years. But that number looks far less impressive when you dig into why the deficit gets reduced. The bill shifts a ton of money into the hands of the rich by cutting taxes on the wealthy. All of the budget savings come by reducing benefits to the poor, including a projected $880 billion in cuts to Medicaid. By 2026, Medicaid—the main government insurance program for the poor—would see 14 million fewer people enrolled than under current law, and spending on the program would be reduced by 25 percent.

As I reported earlier today, the Trump administration has spent the last week trying to discredit the CBO’s ability to run a proper assessment of health care bills. Now we have a good sense of why they were so worried.

You can read the CBO report below:

 

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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