On March 14, the Committee for a Responsible Federal Budget (CRFB), a bipartisan federal budget watchdog group, released an economic analysis of the recent health proposals made by Republican Presidential candidate Donald Trump. Their key findings:
“Donald Trump’s plan to repeal and replace Obamacare would cost nearly $500 billion over a decade, or $270 billion incorporating economic growth.
“The plan would nearly double the number of uninsured, causing almost 21 million people to lose coverage.”
To my knowledge, this is the first serious and independent economic analysis of any Republican or conservative health reform plan released since the Affordable Care Act (ACA) was signed in 2010. It’s not a pretty picture.
In addition to “completely repeal(ing) Obamacare,” Trump’s proposal would:
- Allow sale of health insurance across state lines;
- Allow individuals to fully deduct health insurance premiums from their income tax obligations;
- Allow individuals to use Health Savings Accounts;
- Require transparency from all health care providers;
- Block grant Medicaid to the states;
- Remove barriers to entry into free markets for drug providers.