US Legislative Group: Millions Would Lose Insurance Without Obamacare Replacement

US Legislative Group: Millions Would Lose Insurance Without Obamacare Replacement

Under pressure from president-elect Donald Trump, six years of expectations and more than 20 million Americans who could lose their health insurance, a Republican senator has offered first hints at what a replacement of the Affordable Care Act might look like.

Julian Gomez (R) explains Obamacare to people at a health insurance enrolment event in Commerce, California March 31, 2014.

"The increase would reach about 50 percent in the year following the elimination of the Medicaid expansion and the marketplace subsidies, and premiums would about double by 2026", wrote the report authors. As we can see from this report, repealing a health care plan without implementing a replacement can have extreme consequences.

The CBO notes that the 2015 bill would leave in place certain Obamacare reforms, like barring insurers from denying coverage to those with pre-existing conditions and setting certain standards for premiums and coverage in health plans sold to individuals.

"We're going to get private insurance companies to take care of a lot of the people that can afford it".

Crystal Brigman Mahaney is deputy director for Missouri Health Care for All, the group that organized the protest.

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Even if President-elect Donald Trump succeeds in repealing the Affordable Care Act, most companies will continue to offer numerous popular provisions of the law to their employees.

The president-elect has said he wants to repeal and replace Obamacare in one fell swoop with a plan that he claims will be introduced nearly simultaneously with Price's confirmation. Senator Tim Kaine says he's hopeful lawmakers will not repeal the Affordable Care Act without providing an acceptable replacement.

"We're going to have insurance for everybody", he said. The American Medical Association has come out against repealing Obamacare and expressed concern about the harm that can be done cutting people's health coverage.

"We want to make sure that we are taking care of the people of this country", Fischer says.

Another popular aspect of ACA that has been popular with young adults has been the ability to remain on their parents' health insurance until the age of 26. He wouldn't say. Trump gave no details on the plan itself or what it could cost.

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