Because Republicans are so determined to eradicate President Obama’s signature legislation, more than 20 million Americans could lose health insurance from the repeal of Obamacare. Adding to that, it will be an expensive endeavor. According to an analysis from the bipartisan Committee for a Responsible Federal Budget, a full repeal of Obamacare would cost $350 billion over the next decade.
CNN Money reports:
Obamacare was carefully crafted in 2010 so that it didn’t add to the federal deficit — in fact, it boosted revenues slightly. The law affects the federal budget in three ways: coverage provisions, taxes and fees, and Medicare components.
One group of Americans stands to benefit from repealing Obamacare: the wealthy. It would give tax cuts to millionaires. This is who Republicans are trying to protect.
That’s because Obamacare didn’t just change insurance arrangements. It also raised taxes on corporations and individuals. Repealing the law would mean repealing those taxes, with significant benefits going to millionaires and multimillionaires. President-elect Donald Trump might even be one of them.
As Governor of Indiana, vice-president-elect Mike Pence expanded Medicaid in his state. But as vice-president, he wants to take that away. Republicans are anxious to do away with Obamacare in order to try to erase the president’s legacy even though it would add $350 billion to the deficit. Even though 10 Republican governors opted to expand Medicaid in their states. Even though their own constituents would suffer.
Repealing Obamacare would require 60 votes in the Senate. Republicans don’t control enough seats to make that happen or to squash a filibuster by the Democrats. But if any Democrats cave, people will suffer, both physically and economically.
It’s time to make some calls.
Don’t know your Congressman’s phone number?
Call: (202) 224-3121
And punch in your zip code. You will be transferred.#Ethics
— Jillian Hurley (@BeautyBind) January 3, 2017
They aren’t draining the swamp. They’re gifting the wealthy with tax cuts – people like Donald Trump – while taking health care from millions of people. Republicans don’t even have a replacement plan ready.
Featured image via Mark Wilson/Getty Images