CBO analysis: Trumpcare leaves 24 million without coverage
News: 2017 Press Release
"The Congressional Budget Office analysis is further proof that the House GOP proposal to repeal the ACA and Trumpcare bill is bad for Californians and Americans. The CBO's independent, non-partisan and objective analysis shows that the House GOP proposal will not even come close to delivering on their promises.
The CBO analysis shows that 14 million Americans will be cut off from health care coverage in 2018, rising to 24 million by 2026 if the House GOP proposal goes into effect.
The Affordable Care Act successfully provided 20 million previously uninsured Americans with health coverage. Because of the ACA, today more Americans have health insurance than at any time in our nation's history. However, under the House GOP proposal, that progress will be abandoned, and reversed.
The House GOP proposal caps federal Medicaid assistance to states and the tax credits available to working families and eliminates the cost-sharing assistance enjoyed by half of those getting a premium subsidy through Covered California. It raises the price of insurance for seniors and eliminates essential benefits requirements. This flawed proposal puts coverage out of reach for many who are currently insured, failing to deliver on President Trump's promise of 'insurance for everybody.'"
The California Department of Insurance, established in 1868, is the largest consumer protection agency in California. Insurers collect $310 billion in premiums annually in California. Since 2011 the California Department of Insurance received more than 1,000,000 calls from consumers and helped recover over $469 million in claims and premiums. Please visit the Department of Insurance website at www.insurance.ca.gov. Non-media inquiries should be directed to the Consumer Hotline at 800.927.4357. Telecommunications Devices for the Deaf (TDD), please dial 800.482.4833.