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Title : The Truth Concerning The Scare Headlines Unopen To The 17 I Thou One Thousand Who Would Lose Wellness Insurance Coverage Nether Obamacare Repeal
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The Truth Concerning The Scare Headlines Unopen To The 17 I Thou One Thousand Who Would Lose Wellness Insurance Coverage Nether Obamacare Repeal

By Robert Wenzel

Senator John McCain has killed Obamacare "skinny repeal" but it should survive made clear that much of the fearmongering by mainstream media most the before Obamacare Repeal Reconciliation Act of 2017 was dishonest past times leaving out the consummate story.

New York Times "economist" Paul Krugman led the dishonesty past times omission. amongst this retweet:

Here's a CNBC headline:

Here's the total story from the Congressional Budget Office Scoring report.

Let's commencement amongst the role that MSM tells you lot about:

Effects on Insurance Coverage. In 2018, past times CBO together with JCT’s estimates, most 17 million
to a greater extent than people would survive uninsured nether this legislation than nether electrical current law.

But who are these 17 million? This MSM fails to written report  (my emphasis):

[I]ncrease inwards the uninsured population would consist of most 10 1 K 1000 fewer people amongst coverage obtained inwards the nongroup market...In the nongroup market, some people would pick out non to bring insurance partly because they pick out to survive covered past times insurance nether electrical current police to avoid paying the penalty. And, nether this legislation, without the mandate penalty, some people would forgo insurance inwards reply to the higher premiums that CBO together with JCT projection would survive charged.... 

Insurers would yet survive required to render coverage to whatever applicant, together with they would non survive able to vary premiums to reverberate enrollees’ wellness status or to trammel coverage of preexisting medical conditions. Those features are most attractive to applicants with
relatively high expected costs for wellness care, together with thence CBO together with JCT expression that repealing the
private mandate punishment would tend to trim back insurance coverage less amid older
together with less good for you lot people than among younger together with healthier people.

Got that? Influenza A virus subtype H5N1 total 10 1 K 1000 of the 17 1 K 1000 release tossed around would survive the immature good for you lot forced to pay high premiums nether Obama's mandate. Those (even the youth) amongst high medical expenses would yet survive required to survive covered past times insurers. It's to a greater extent than oftentimes than non the damn good for you lot kids escaping the high premium Obama mandate that is all!

Another part of the 17 1 K 1000 that would no longer bring coverage nether repeal is according to the report:  "roughly four 1 K 1000 fewer people amongst coverage nether Medicaid."

But the written report tells us why that would tumble out (my emphasis):

Under electrical current law, the punishment associated amongst the private mandate applies to some Medicaid-eligible adults together with children. (For example, it applies to unmarried individuals amongst income higher upward most xc per centum of the FPL.) In addition, some people apply for coverage inwards the marketplaces because of the punishment together with plough out to survive eligible for Medicaid. And some who are non dependent area to the punishment mean value they would survive if they did non enroll inwards Medicaid. The agencies create non expression that, amongst the punishment eliminated nether this legislation, people enrolled inwards Medicaid would disenroll. However, amid people who would operate out eligible for Medicaid nether the legislation or who would need to recertify their eligibility, the proportion of people who enrolled inwards the programme would, past times CBO together with JCT’s expectations, survive lower—closer to the proportions observed for those groups prior to the establishment of the penalty.

So here, again, no 1 would bring been uninsured except for the fact that the roughshod Obama mandate would bring been eliminated together with some who are eligible for Medicaid would non bring applied because  the Obamacare mandate dagger would  no longer hanging over their heads--even though they would survive eligible!

So at 1 time nosotros are upward to xiv 1 K 1000 of the so-called "17 1 K 1000 newly uninsured," who actually nether repeal would bring but been escaping the Obama mandate that would bring been eliminated.

The terminal grouping is those who volition non survive insured past times employees and, again, it is the same story, escape from the Obama mandate if at that spot was repeal (my bold)

Under electrical current law, the prospect of paying the employer mandate punishment tips the scale for
some businesses together with causes them to determine to offering wellness insurance to their employees.
Thus, eliminating that punishment would displace some employers to non offering wellness insurance.
Similarly, the need for insurance amid employees is greater nether electrical current law
because some employees desire employment-based coverage together with thence that they tin avoid paying the private mandate penalty. Eliminating that punishment would trim back such need and would displace some employers to non offering coverage or some employees to non enroll inwards coverage they were offered, CBO together with JCT estimate.

Bottom line: The Obamacare Repeal Reconciliation Act of 2017 would bring kept inwards house coverage for anyone amongst a "pre-existing condition" or otherwise who wanted coverage. The exclusively novel grouping of uninsured would survive those who are healthy, to a greater extent than oftentimes than non immature together with of their ain choosing create non desire insurance.

The MSM coverage leaves the impression that somehow 17 1 K 1000 sick people would bring lost coverage.  This is completely dishonest.The MSM coverage is the exclusively affair sick that is non covered past times insurance.

EPJ Daily Alert together with is writer of The Fed Flunks: My Speech at the New York Federal Reserve Bank. Follow him on twitter:@wenzeleconomics and on LinkedIn. His youtube serial is here: Sunday Morning amongst Robert Wenzel.

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