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The GOP has no plan to rein in costs
The Affordable Care Act's biggest price tag was borne by private health insurers, not the government. That doesn't mean it's been a success either, though it's had some success in reducing costs.
Now, with the federal government set to kick in $2 trillion -- an amount that would actually pay for what Republicans have pledged to spend on tax cuts -- the real question is how much these benefits will be mitigated by rising premiums, higher deductibles, and other obstacles.
In the long run, some experts argue, these taxes won't make up for the lost tax revenues. And that's assuming the GOP is able to deliver on its promise roll back taxes for the one percent. Even if they could cut taxes for the one percent, they would still have to cut spending on Medicare and other programs that depend heavily on revenues, or raise taxes a variety of income levels to pay for them.
But just because the Republican plan won't have full bipartisan support doesn't mean it will pass
Some have suggested that the House Republican plans will be able to pass the Senate with support from all but the most conservative wing of GOP caucus.
But there are a few problems with that.
It's doubtful that any members of the House Freedom Caucus have supported plans that included letting Americans enroll in health coverage plans with higher out-of-pocket costs if they like what see on the insurance exchange. So there will be far fewer free riders than the GOP has promised.
And it's also unclear whether most Senate Republicans, even if they're inclined to side with House Republicans, can get behind the way bills repeal Affordable Care Act without getting rid of a slew essential health benefits that insurers currently pay for.
It's also unlikely that Republicans will get the votes of both moderate Republicans and conservatives -- who have long supported the current Affordable Care Act -- to pass any of these proposals.
Republicans would probably have to cut tax rates in the budget
The Republican plan would reduce tax rates for almost all income groups -- including the top 2 percent of earners. In the short run, that will probably make the math of Republican tax plan easier. But it also doesn't solve one of the major problems Affordable Care Act: the skyrocketing cost of premium coverage.
If Obamacare is repealed and replaced with the Republican plan, government would then set up a system that would provide generous tax cuts to the nation's wealthiest taxpayers, and no benefits to middle-class families. That would drive up premiums across the board, as would cost of providing health insurance.
The federal government would also have to set up a giant new, government-run plan to insure Americans who currently Finast 5mg $261.89 - $2.18 Per pill don't get health insurance. Some Republicans are already floating the idea of financing these "public options," which would sell insurance to consumers on the private market.
The math on that one is hard to fathom.
But Republicans don't expect any of these measures to make a dent in the debt
If Republicans do succeed in repealing the Affordable Care Act -- which is unlikely given the lack of bipartisan support for the bill -- costs of covering millions people would shift onto taxpayers.
Right now, Obamacare is expected to have added around $2 trillion to the government's debt over next decade while providing more than 20 million Americans covered with health insurance. (And, as a result, the government has already set aside more than half of the funds it would need to pay for the law's insurance coverage expansion by)
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