That 24 million is in addition to the 28 million already projected to be without insurance that year, meaning that 52 million Americans would have access to but go without health insurance under the GOP’s current plan.
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In 2018 and 2019, as the healthiest people stop paying for health insurance, the CBO also projects premium increases for individuals in the nongroup market of “15 to 20 percent.” CBO officials also calculate a loss of $600 billion in tax revenue as taxes that funded the Affordable Care Act are repealed, which is another way of describing a tax cut. That $600 billion tax cut will largely affect the insurance industry and wealthy Americans who saw their payroll and investment income taxes go up.
It’s an unwelcome headline for Ryan and President Donald Trump, who promised a workable health care plan for passage this month. Earlier Monday, Trump called 2017 the “worst year ever” for the Affordable Care Act and promised Republicans would “save the day.”
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