Repealing Individual Mandate Would Do Less To Chip Away At Deficit Than CBO First Projected
In its revised analysis, the Congressional Budget Office also finds that the move would mean 13 million more people would be uninsured and premiums would rise by about 10 percent most years over the next decade.
Repeal Of Individual Mandate Would Increase Uninsured, Premiums: CBO
The Congressional Budget Office said on Wednesday that repealing the Obamacare individual mandate would increase the number of uninsured by 13 million by 2027 and reduce the federal budget deficit less than initially forecast. The CBO, the nonpartisan budget-scoring agency, said that eliminating the Obamacare mandate that all Americans purchase health insurance or else pay a fine would lower the deficit by $338 billion over the next decade, not $416 billion as it estimated in December. (Brice and Abutaleb, 11/8)
Repealing ObamaCare Mandate Means Millions Fewer Insured: CBO
Getting rid of the individual mandate means fewer people with health insurance. That means fewer subsidies the government will pay to help people afford their ObamaCare health plans, and thus, savings. Premiums in the individual insurance market would increase by about 10 percent in most years of the decade, CBO concluded, because repealing the mandate means less healthy people will buy insurance. That would leave sicker, older people to share the costs in the market, resulting in higher premiums. (Roubein and Hellmann, 11/8)
CBO: Repealing Health Coverage Mandate Would Save $338 Billion
House Republicans are toying with the idea of repealing the so-called individual mandate — a key part of the Affordable Care Act — as part of their plan to overhaul the tax code. Including the provision could be a win-win for Republicans. The move would allow them to offset more of the tax cuts they want in their tax plan and give them the chance to claim they repealed one of the most hated parts of the Affordable Care Act, also known as Obamacare. (Kodjak, 11/8)