New GOP plan could sow health care chaos
Source: NBC News
WASHINGTON — The latest Republican bill to repeal Obamacare would set the stage for a decade of new health care fights as states struggle to cover residents with less money and an unstable source of funding.
A new analysis of the Graham-Cassidy bill by Avalare Health, an independent consulting firm, found states would receive $215 billion less from 2020 to 2026, when the bill’s biggest changes take effect, than under current law.
Experts say the long and difficult process to implement Graham-Cassidy could create years of chaos in the insurance market, potentially hiking premiums and unsettling markets in 2018 and beyond. "I don’t think it’s possible to overstate how disruptive this would be," Billy Wynne, a health policy consultant at Thorn Run Partners, told NBC News.
Already, the Congressional Budget Office (CBO), the nonpartisan agency that normally reviews legislation, says that confusion over Obamacare’s fate will drive up premiums for individual insurance by 15 percent in 2018. AHIP, the main lobby for the insurance industry, came out against the bill on Wednesday and warned it would have a "destabilizing" effect.
Read more: https://www.nbcnews.com/politics/congress/new-gop-plan-could-sow-health-care-chaos-n803081
