What is “Trumpcare?”
After the first Super Tuesday, presidential candidate Donald Trump finally published an outline of his plans for health care. It reportedly didn’t differ much from what other high-profile Republicans, including House Speaker Paul Ryan (R-Wis.) and some of Trump’s rivals for the GOP presidential nomination have proposed before.
Then on Monday, the nonpartisan Committee for a Responsible Federal Budget (CRFB) released an assessment of the impact of Trump’s plan – which includes repealing and replacing the Affordable Care Act (also known as Obamacare). What kind of impact would “Trumpcare” have?
The study claims that In total, Mr. Trump’s “repeal and replace” plan for Obamacare would cost nearly $500 billion over ten years under conventional scoring and about $270 billion with dynamic scoring, which takes into account economic growth.
The study states that the number of people without health insurance would rise by something like 21 million people under Trumpcare.
According to The Fiscal Times, previous estimates by the Congressional Budget Office claim that repealing Obamacare would increase the number of uninsured Americans in 2018 by 22 million.
The CRFB report states that Trump’s replacement plan would only cover about 1 million of those people, leaving 21 million more Americans without insurance.
That would mean more financial hardship, less access to health care, and – according to studies – a higher mortality rate. Trump’s plan could also increase the deficit by somewhere between $270 billion and $490 billion over 10 years – depending in part on how the repeal affected the rest of the economy, writes The Huffington Post.
Last year CNBC estimated that Obamacare will add $273.6 billion in additional insurance overhead costs during the 10 years from 2012 through 2022.
Some of that money has already been spent, so Trump’s plan would add $270 to $500 billion on top of the money that has already been spent on Obamacare.
(Video by Secular Talk)