Here is a summary of the Congressional Budget Office estimate of the effects of adopting Trumpcare vs keeping Obamacare.
Premiums for the YOUNG in the individual market will go DOWN. Premiums for OLDER AMERICANS will go UP.
The average premium for a 21 year-old will go from $5,100 under Opamacare to $3,900 under Trumpcare, a DECREASE of $1,200.
The average premium for a 64 year-old will go from $15,300 under Obamacare to $19,500 under Tumpcare, an INCREASE of $4,200.
Subsidies for a 21 year-old earning $26,500 will DECREASE from 3,400 to $2,450 or $950. Subsidies for a 64 year-old with the same income would DECREASE from $13,600 to $4,900 or $8,700. SENIORS take a much bigger hit at the time when their average premium INCREASES.
The Richer Americans get subsidies they would NOT have under Obamacare. Poor American see their subsidies cut.
Single individuals with an income of 68,200 who DO NOT receive subsidies under Obamacare will RECEIVE subsidies of $2,450 to $4,900 under Trumpcare depending on age.
The number of UNINSURED will GO WAY UP.
Under Obamacare, the number of uninsured is expected to increase by 2 million between now and 2026—26 million to 28 million.
Under Trumpcare, the number of uninsured is expected to increase by 52 million in 2026, an INCREASE in the uninsured compared to Obamacare of 24 million.
Under Trumpcare, the UNINSURED in 2026 will include:
14 million people who would have had coverage under Medicaid as a result of states cutting back on expanded access to Medicaid provided under Obamacare
2 million people who would have had nongroup coverage through the exchanges due to a reduction on subsidies
7 million people who would have had coverage through their employer due the removal of requirements and penalties for businesses not providing coverage.
Read the Congressional Budget Office Cost Estimate here:
http://thehill.com/policy/healthcare/323652-cbo-millions-would-lose-coverage-under-gop-healthcare-plan Scrolll down to download the entire report.