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Am I Going to Lose My Health Insurance?

Here's How Your Health Insurance Will Be Affected If Obamacare Is Repealed

The House Republicans, lead by Paul Ryan, are committed to repealing the Affordable Care Act — so committed, it seems, that the party is willing to risk roughly 24 million people losing coverage to pass its replacement bill.

According to the nonpartisan Congressional Budget Office report released on March 13, 24 million Americans will be uninsured under the GOP's Obamacare replacement plan, which is 14 million more than if the ACA remained law. By 2026, the report indicated that 52 million people would be uninsured. By current population estimates, that's over 15 percent of the country.

Comparatively, 28 million Americans would be uninsured by 2026 if the law remains unchanged. The CBO's analysis also concluded that the proposed bill, named the American Health Care Act, would reduce the federal deficit by $337 billion in a decade — for perspective, the United States government spent $598 billion on defense in 2016 alone.

The American Health Care Act also seeks to dramatically cut Medicaid, which presents a problem for the 31 states (16 with Republican governors) who elected to expand the program under the Affordable Care Act. The GOP intends to inhibit the expansion, which was stipulated under Obamacare, despite its efficacy and relatively low cost.

So what does this mean for your coverage? In so many words: it's complicated. The American Health Care Act would provide a tax credit (like Obamacare) but only takes into account age, whereas the Affordable Care Act considers family income, local cost of insurance, and age.

An easy way to determine whether or not you will lose coverage or subsidy benefits is a Kaiser Permanente coverage calculator. By plugging in your information, you will see the projected percent decrease (or increase) in your tax credit and roughly how much money the percent difference in plans amounts to.

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