In a bill that’s being considered by House and Senate lawmakers, it’s clear that the GOP’s ObamaCare repeal-and-replace plan has its own costs.
While a number of provisions are expected to cost taxpayers more, it is not necessarily a free lunch.
It would require a lot of money to insure the average American, particularly those with preexisting conditions, according to the Congressional Budget Office (CBO).
The CBO estimates that for most people the plan would cost between $6,000 and $14,000 per year.
The legislation would also result in people with preeXisting conditions paying more in premiums and deductibles than people without preexistent conditions.
And it would increase the cost of health insurance premiums by as much as $2,500 a year for many people.
For some people, the impact could be even more dramatic.
“The price tag on premiums would be significant.
It could be in the hundreds of millions of dollars, or in the tens of billions,” said Robert J. Barchi, director of the Urban Institute’s Health Policy Program.
“But for a lot, that is not going to be the case.”
The CBO also found that some of the costs of the plan could go beyond what is covered in a traditional Medicare plan.
The GOP plan would dramatically change the nature of insurance coverage in the U.S., and that could drive up premiums for many Americans, according.
“Premiums would likely be higher than in other countries, where insurers are subject to lower-than-expected administrative costs,” said the CBO.
The bill would also lead to fewer doctors, hospitals and other medical providers.
“There are some significant barriers to getting a primary care physician,” said David Himmelstein, director for health policy and health policy studies at the Kaiser Family Foundation.
“If you’re not covered, the risk of having a medical crisis that costs you your life is going to increase.”
Even those with pre-existing conditions, who are already struggling with health costs, may be at risk of a higher price tag, because the GOP plan includes a “cost-sharing reduction” that would force insurance companies to lower premiums for those with high out-of-pocket expenses.
For example, the CBO estimated that premiums for a plan with the “cost sharing reduction” would be $1,895 for a 30-year-old, and $1.5,100 for a 50-year old.
The cost-sharing reductions, which are included in ObamaCare, are intended to prevent people from charging too much for insurance, because they are based on the cost per visit rather than on how much a doctor or hospital charges.
The Republican plan also includes a tax credit for those who can’t afford to pay for insurance because of pre-payment conditions, which is expected to increase premiums for some people.
“That would be a very significant tax break, especially for people who don’t have pre-purchase coverage,” said Himmlestein.
“It would be really expensive to do that, especially because it’s a tax break.”
The Congressional Budget Center estimates that the Republican bill would add between $2 trillion and $3 trillion to the national debt.
While some lawmakers say the plan is supposed to provide relief for individuals and businesses, many argue that it could also increase costs for the middle class.
“This is not an affordable plan,” said Democratic Rep. Mike Doyle of Pennsylvania, who introduced the first version of the GOP bill in March.
“I don’t think you’re going to see a lot less government spending on people, on the middle and upper classes.”
And even those who are able to afford it will not necessarily have the option to shop around for health insurance under the GOP plans.
For a family with three adults and two children, the GOP healthcare plan would provide $4,000 in subsidies for coverage and premiums, and the subsidies would be capped at $2 for a family of three.
However, if the family were single, they could receive a total of $6 and $6.50 for a year’s coverage, respectively.
And if they had more than three children, they would be able to receive up to $16,000.
The CBO estimated the subsidies for the new legislation would cost taxpayers $1 trillion over a decade.
The new legislation does include a provision that would allow people to purchase insurance through a state exchange, which would not be a viable option for many, if not most, people.
This would be especially true for those without employer-based insurance, or those who have limited access to health care providers.
According to the CBO, the bill would cost the federal government about $1 billion per year over the next decade to expand the insurance exchanges.
If that were to continue, the House and the Senate will likely vote on the bill in the coming days.
“We’re going in for an emergency here,” said Rep. David Young, a Republican from