Research Shows Repeal of the ACA Hurts Working Families
As the 115th Congress gavels in, Congressional Republicans have made it clear that they plan to repeal the Affordable Care Act (ACA) as quickly as possible, regardless of how many working families they hurt in the process. Research and reports released recently highlight how the ACA has benefited millions of Americans, and the risk posed by the Republicans’ reckless plans to repeal the ACA.
A recent report from the Commonwealth Fund found the ACA drove down the uninsured rates in every state and by at least three percentage points in 48 states and the District of Columbia from 2013-2015. As a result of the expansion of health coverage, the report found that less Americans were skipping trips to the doctor because of cost.
A study released from the Kaiser Family Foundation found that if the ACA were repealed, 52 million Americans would be at risk of being denied coverage for having pre-existing conditions.
A study released by the Urban Institute showed that if the ACA is repealed without any replacement plan, 30 million Americans would lose their health coverage due to the loss of premium tax credits, Medicaid expansion and the individual mandate, and others would lose coverage through the collapse of the individual insurance market. The study also found that repeal of the ACA without a replacement would actually lead to a higher uninsured rate than before the ACA was passed in 2010.
An analysis from the Tax Policy Center found that the top 1 percent of earners would get, on average, a $33,000 tax cut from a repeal of the ACA. Some people would be hit with a significant tax increase, due to losing tax subsidies that have helped many Americans afford health insurance.
A recent analysis from the Committee for a Responsible Federal Budget found that repealing the ACA in its entirety would cost roughly $350 billion over the course of the next 10 years.