S&P Report: Between 6-to-10 Million Could Lose Insurance Under GOP Plan

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S&P Report: Between 6-to-10 Million Could Lose Insurance Under GOP Plan

Mar, 13th 2017

The Republican plan to repeal and replace ObamaCare could lead 6 million to 10 million people to lose coverage, according to an analysis from Standard & Poor's.

The S&P Global Market Intelligence report released Tuesday found that 2 million to 4 million enrolled in ObamaCare individual markets could lose coverage, in addition to 4 million to 6 million who are covered through Medicaid.

“We expect a decline in enrollment in the individual (2 million–4 million) and Medicaid (4 million–6 million) segments,” the report said.

Over 20 million patients currently get coverage from ObamaCare.

The analysis, first reported by Vox, comes a day after Republicans unveiled their long-awaited health plan.

But the analysis says that higher tax credits for the elderly will not be enough to offset higher premiums, meaning that...

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