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A Republican bill repealing portions of the Affordable Care Act would increase the number of people without insurance in the US by 18 million and increase premiums for individual health insurance policies by as much as 25% in the first year of its enactment, a study by the Congressional Budget Office (CBO) concludes. 1
In subsequent years, as provisions of the bill came into effect eliminating the law's expansion of Medicaid eligibility and subsidies for insurance purchased on health insurance exchanges, the number of people without insurance would rise to 27 million and eventually reach 32 million by 2026, the report said. Premiums for individual plans would also climb, rising by about 50% in the first year and doubling by 2026, it warned.
The Senate minority leader Charles E Schumer, a Democrat from New York, who was one of the Senate Democrats who requested the CBO report,...