Coverage Changes
Obamacare provided insurance to about 20 million people, bringing the U.S. uninsured rate to a record low. Under the Republican plan, about 2 million to 4 million people would lose coverage in the individual market starting in 2020, while another 4 million to 6 million would lose their Medicaid coverage, according to an estimate from S&P Global Ratings Tuesday.
The GOP plan has run into problems outside the health sector, as well. Conservatives have said they may not support it in Congress, which could imperil its passage in the House, or in the Senate, where Republicans have only a razor-thin majority. It’s also been panned by health experts who say it will reduce insurance coverage and provide weak coverage.
Trump ran on a promise to repeal the 2010 health law known as Obamacare, which he has said reduces employment and hasn’t worked to better health care, citing rising premiums and markets that health insurers have pulled back from.
This article was provided by Bloomberg News.