https://www.nytimes.com/2017/11/14/us/politics/tax-plan-senate-obamacare-individual-mandate-trump.html
'WASHINGTON — Senate Republicans have decided to include the repeal of the Affordable Care Act’s requirement that most people have health insurance in a sprawling overhaul of the tax code, merging the fight over health care with the high-stakes effort to cut taxes.
Repealing the so-called individual mandate, as President Trump had urged, would help Republicans with the difficult math problem they face in refining their tax plan. But it also risks reigniting the contentious debate over health care that Republicans found themselves mired in for much of the year.'
Without the mandate, it is unlikely Obamacare will survive in its current form since premiums would increase dramatically:
http://www.rollingstone.com/politics/features/the-gop-tax-plan-just-became-an-assault-on-obamacare-w511822
"Repealing the mandate will cause the ranks of the uninsured to swell. Thirteen million fewer Americans will have insurance by 2027, according to the latest estimate by the nonpartisan Congressional Budget Office. That includes five million who would not enroll in Medicaid, five million who stop buying policies in individual market and an additional two million who would no longer get insurance from their employers.
For those Americans who do want to buy health insurance, the GOP's mandate repeal would mean even greater sticker-shock. According to the CBO, "a repeal of the individual mandate ... would result in higher premiums." That's because more "younger and healthier people" would chose to leave the market, leaving a higher proportion of older and sicker Americans in the insurance pool."
The timing of the mandate repeal is especially problematic since today there are reports enrollment in Obamacare is actually up:"Obamacare enrollment at 1.48 million, up more than 46 percent over last year's pace"
https://www.cnbc.com/2017/11/15/obamacare-enrollment-at-1-point-48-million-up-more-than-46-percent-over-last-years-pace.html
"Enrollments on the federal Obamacare marketplace were 46 percent higher in the first two weeks of November from the same period last year, officials said Wednesday.
A total of 1,478,250 people signed up on HealthCare.gov since Nov. 1, the start of open enrollment in individual health insurance plans, according to the federal Centers for Medicare and Medicaid Services.
Last year, 1,008,218 people signed up in the first two weeks.
CMS also reported that the number of people applying for coverage and visiting HealthCare.gov was sharply higher than in the same period last year."
Meanwhile, the markets are responding in a negative way. Among other things, because corporations & wealthy GOP donors expect a tax cut & anything that might slow that effort is seen as a negative:
https://www.cnbc.com/2017/11/15/us-stock-futures-earnings-data-tax-fed-on-the-agenda.htmlMeanwhile, the markets are responding in a negative way. Among other things, because corporations & wealthy GOP donors expect a tax cut & anything that might slow that effort is seen as a negative:
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