Enacting the Patient Protection and Affordable Care Act (PPACA)mandate repeal provisions in H.R. 3762 could cut federalbudget deficits by about $130 billion from 2016 through 2025,according to analysts at the Congressional Budget Office (CBO).

|

The mandate repeal provisions in H.R. 3762, the RestoringAmericans' Healthcare Freedom Reconciliation Act of 2015 bill,would cut federal spending by about $79 billion over 10 years, andthey could also lead to economic effects that could cut federalbudget deficits by about $51 billion over that same period, theanalysts say in a new report.

|

The H.R. 3762 mandate repeal provisions could also increase thenumber of U.S. residents without health coverage from 42 million to43 million, or 15 percent of the nonelderly U.S. population, inyears after 2016, the analysts estimate.

|

If the current PPACA mandates stay in place, only about 26million to 27 million nonelderly people will lack coverage, theanalysts predict.

|

If the CBO forecasts are correct, the H.R. 3762 mandate repealprovisions could increase the number of uninsured U.S. residents by55 percent to 65 percent.

|

The mandate repeal provisions would save about $760 to $815 peradditional uninsured person per year, according to calculationsbased on the CBO figures.

|

H.R. 3762 would repeal the PPACA individual mandate and employercoverage mandate provisions.

|

The bill also would repeal the PPACA medical device tax, thePPACA high-cost "Cadillacplan" excise tax, the PPACA provisions thatestablished the Independent Payment Advisory Board(IPAB), and PPACA group plan enrollment provisions.

|

"Nearly all of [the] reduction in coverage would arise fromrepealing the mandate on individuals to obtain health insurancecoverage," the analysts write in the report.

|

Other changes could reduce enrollment in employment-basedcoverage by 5 million, but the repeal of the Cadillac plan taxcould lead to a 500,000 to 1 million net increase in employer planenrollment, the analysts say.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Allison Bell

Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.