09 Dec 2016

Study: Colorado Would Lose $33.3 Billion Under Health Law Repeal

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Urban Institute projects impact of ACA repeal would create chaos in Colorado’s health insurance market in the next decade.  

PRESS RELEASE – December 9, 2016 – A new national study projects a massive financial impact on Coloradans if Congress repeals the Affordable Care Act without a replacement plan. According to the new study by the Urban Institute, Colorado would lose more than $33 billion in federal funding during the next 10 years, creating chaos in the health care system, wreaking havoc on the state budget, and doubling the number of uninsured Coloradans.

According to the analysis, in 2019 alone, federal funding for the health needs of Colorado’s residents would be cut by $2.5 billion for Medicaid coverage and $223 million for financial assistance in our state-based Marketplace, Connect for Health Colorado. Congress has yet to negotiate an agreement on a replacement.

Nationwide, the number of uninsured Americans, including uninsured kids, would more than double. As many as 30 million additional people would be uninsured. The people who would lose coverage include not only kids, but also people with disabilities, pregnant women, and people with pre-existing conditions, such as asthma and cancer, the report found. Some 82 percent of those who would lose coverage would be from working families, and the majority would be non-Hispanic white individuals. In Colorado, 588,000 people would lose health insurance coverage.

“Colorado has made steady and significant gains in providing affordable coverage to children and families,” said Erin Miller, Vice President of Health Initiatives at the Colorado Children’s Campaign. “We hope Congress does not risk that progress—and the health of our children—by repealing the Affordable Care Act before they have done the hard work of figuring out how to ensure that people don’t lose affordable coverage.”

The Urban Institute report analyzed the impact of a partial repeal of the Affordable Care Act, modeled on the 2015 reconciliation bill that was approved by Congress and vetoed by President Obama. Congressional leaders recently announced that they intend to attempt to pass a similar reconciliation bill in early 2017.

To read the full analysis, visit: http://www.urban.org/research/publication/implications-partial-repeal-aca-through-reconciliation.

>>Download the release

 

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