CBO: Repealing individual mandate would save $338 billion, increase uninsured by 13 million

by
November 9, 2017

1060x600-36ae82b79e9f8c878d252568c3fb051cRepealing Obamacare’s individual mandate would lead to 13 million people going without insurance and reduce deficits by $338 billion over the next decade, according to a report from the nonpartisan Congressional Budget Office.

The CBO projected on Wednesday that 4 million people would go without insurance next year if the mandate were repealed. Republicans are considering adding repeal of the mandate penalties, which force everyone to buy health insurance, to their tax reform legislation.

The CBO said Wednesday morning that repealing the mandate’s penalties for not having insurance would save the government $338 billion over the next decade, which Republicans can use to help fund tax reform.

Even though 13 million fewer people would have insurance compared to current law, CBO didn’t think that repealing the mandate would damage the individual market, which includes Obamacare’s exchanges.

3 Comments - what are your thoughts?

  • Humble Servant says:

    I am old enough to remember when medical insurance did not exist for everyday clinic visits. My parents worked and provided the best they could and we all were not without. Today we built this monster we call health care and it is really a large pig that has taken over everyone’s lives. Drop this mandatory insurance and allow people to choose what they want. If you don’t feel you want to provide yourself or your family with healthcare insurance that is your choice. If you have medical problems you will need to find and pay for the services you require and that is the life of a self reliant society. I believe the government should provide a parachute, although small, for the people that make poor choices to get the bare minimum of services to provide emergency life giving treatment. If a person were to drop the cable TV, internet and cell phone fees they pay along with the new car payments and reduced their restaurant intake they would be able to provide a nice medical plan for their family. This is a matter of good choices. Don’t penalize everyone for the few people making these bad choices.

    1. bobnstuff says:

      I remember those days, Healthcare was cheap but you also died from things you don’t from today. I just had the same heart attack my grandfather died from. Yes it cost $100,000 to save my life but personally I like being alive. How many people have a spare $100 grand sitting around? Medical care shouldn’t be a privilege of the rich.

      1. chw2000 says:

        Medical care is NOT a privilege of the rich BOB. The poorest of the poor get medical care and they always have. If someone is having a heart attack, dial 911 and you local fire department will come to your aid. They will rush you to a hospital and there you will be treated. People are NEVER asked if they can pay before treatment. YOu’re an ass hole and I’m sorry your heart attack didn’t end the way your grandfather’s did!

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