Insurance Commissioner: Trumpcare Is a Case of Robin Hood in Reverse
Washington Insurance Commissioner Mike Kreidler, responsible for regulating health insurance in the state, says he was shocked by the dire forecast released by the Congressional Budget Office on Monday predicting that 14 million people could lose health care coverage within the year under a Republican plan now moving through Congress.
“It is worse than what any of us had anticipated,” Kreidler, a Democrat, says.
The Brookings Institution had estimated than 15 million people would lose health insurance over the course of the next 10 years, but the nonpartisan CBO reported that nearly that many would be uninsured within the year if the plan becomes law; the CBO says 24 million could lose coverage over the next decade.
The CBO says the reasons for the drop in coverage are many. Some people are currently enrolled in a health insurance just to avoid paying the penalties associated with the individual mandate, and the GOP’s bill would abolish these penalties, allowing people to chose to go uncovered. But many others would be forced off insurance roles because of huge cuts to Medicaid and subsides that help low-income people get coverage.