The GOP’s proposed overhaul of Obamacare would leave Americans more vulnerable to being hurt by the health-care law’s individual mandate, according to a new study.
The analysis comes as Republican leaders have been working to make their party’s healthcare plan the best they can.
Republicans are trying to cobble together a bill that would cut costs by about $800 billion over 10 years, according the Congressional Budget Office.
The report, which was released Thursday by the nonpartisan Congressional Budget Association, found that the GOP plan would increase the risk of getting sicker and more expensive.
It would also increase the cost of care, as insurers would charge a higher deductible and co-pays, as well as charge a penalty for people who are insured but not enrolled in Medicaid.
The CBO report also found that people would have to pay more for insurance, and that premiums would rise faster for older people, and young people.
It’s not clear how the GOP plans to address the insurance industry’s concerns.
The GOP proposal is a step in the right direction, but its goal is to repeal the individual mandate.
That mandate is designed to force Americans to buy insurance.
That means it could have unintended consequences, including forcing insurers to cover people who aren’t healthy enough to afford coverage.
Republican leaders have said the plan will keep the government solvent for years and create jobs.
But experts say that would require massive tax increases and more spending cuts.
The CBO report is the latest sign of the GOP’s difficulties.
At a closed-door meeting on Wednesday, House Speaker Paul Ryan (R-Wis.) said the GOP proposal was not fully baked out yet.
And the president’s budget director, Mick Mulvaney, said on Thursday that Republicans are still “scrambling” to craft a plan.
“We’re still trying to work through the details of this,” Mulvane told reporters.
“But if you look at the CBO report, they did say that we were trying to make the health insurance system better.
And if you take that to mean we’re trying to get rid of the individual market mandate, then that would make the healthcare system worse.”
Read more from the Hill:Democrats’ Senate bid to repeal Obamacare is a disaster, says CBO reportThe CBO said the Republican plan would lead to an 11.4 million increase in premiums and a 20% increase in deductibles, while the Democrats plan would only cut taxes by $1.2 trillion.
Under the GOP bill, the uninsured rate would rise to 25% from 21%, and the number of people with pre-existing conditions would increase by 17 million from 8 million to 20 million.
A large portion of the cost savings would go to lowering premiums for people buying insurance on the individual marketplace, and for older Americans.