CBO: Trumpcare Strips Coverage From 24 Million Americans

Speaker Ryan Admits For-Profit System Cannot Compete With Single Payer

“The hotly anticipated Congressional Budget Office report on the Republican replacement for Obamacare found it would increase the number of uninsured Americans by 86 percent,” The Atlantic reports.

“If enacted soon, an estimated 14 million people would drop their insurance next year because the proposal repeals the tax penalties associated with the individual mandate, the CBO forecasts,” eventually resulting in “24 million Americans losing their health insurance while raising premiums for those covered on the individual market.”

Speaker of the House Paul Ryan (R-WI): “…There’s no way we can—you can compete with on paper a government mandate with coverage.”

“With the new projection, congressional Republicans are sure to face more accusations that the bill breaks President Trump’s promise of ‘insurance for everybody’ and the party’s explicit vow that its replacement would ‘decrease premiums.’ “

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