Orrin Hatch

Repealing Obamacare without replacement would hike premiums 20% and leave 18 million uninsured, report says

Repealing Obamacare without replacement would hike premiums 20% and leave 18 million uninsured, report says

Repealing Obamacare without a replacement would result in higher costs for consumers and fewer people with insurance coverage, according to a report Tuesday from the nonpartisan Congressional Budget Office.

In the first year, insurance premiums would jump by 20% to 25% for individual policies purchased directly or through the Obamacare marketplace, according to the report. The number of people who are uninsured would increase by 18 million.

Those numbers would only increase in subsequent years. Premium prices would continue to climb by 50% the next year, with the uninsured swelling to 27...

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