The Congressional Budget Office says that the bipartisan bill by Sens. Lamar Alexander (R-TN) and Patty Murray (D-WA) meant to stabilize the insurance market would do little to counteract the premium increases and coverage losses caused by repealing Obamacare’s mandate requiring individuals to buy insurance or pay a penalty.
The CBO had previously estimated that repealing the individual mandate would lead to 13 million fewer people with insurance by 2027 and that premiums would rise by 10 percent.
In a letter to Murray, CBO Director Keith Hall wrote that if the Alexander-Murray Bipartisan Health Care Stabilization Act were enacted, the “effects on premiums and the number of people with health insurance coverage would be similar.”
