Daily Archives: October 4, 2017

Prompt Two CBO Report

What I learned from reading this resource that I think many consumers probably don’t know is that by 2018, about 15 million people will not be insured and it would be due mostly because those people would not have to pay a penalty for not having insurance. However, in later years, because there is lower spending on Medicaid, it would really increase the number of people without insurance. Something else that is also important is that under this legislation, premiums would increase. Premiums would be high for low-income families; therefore, they most likely will not purchase any plan and will be uninsured.

What I want to know is the statistics and estimations about this for the long run (longer than 10 years). What I also want to know is why would the government lower spending on Medicaid to balance out the cap on the deficit. Where I might find out more information is looking at government websites that discuss this further. Also, it could be found on the white house website.

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