The Congressional Budget Office said most insurance markets would remain stable without the mandate and its tax penalty on people who shirk coverage. But premiums would rise by an average of 10 percent in most years of the coming decade, because healthier people would be less likely to buy insurance, and the resulting rate hikes would chase more people away."
Thursday, November 09, 2017
CBO: Repealing Obamacare mandate saves $338B - Washington Times
CBO: Repealing Obamacare mandate saves $338B - Washington Times:
"Repealing Obamacare’s mandate to hold insurance would result in 13 million fewer people holding insurance but save taxpayers $338 billion over the coming decade, formal scorekeepers said Wednesday in an analysis that could reshape the GOP’s push to overhaul the tax code.
The Congressional Budget Office said most insurance markets would remain stable without the mandate and its tax penalty on people who shirk coverage. But premiums would rise by an average of 10 percent in most years of the coming decade, because healthier people would be less likely to buy insurance, and the resulting rate hikes would chase more people away."
The Congressional Budget Office said most insurance markets would remain stable without the mandate and its tax penalty on people who shirk coverage. But premiums would rise by an average of 10 percent in most years of the coming decade, because healthier people would be less likely to buy insurance, and the resulting rate hikes would chase more people away."
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