Business Insider May 24, 2018
- Republicans repealed Obamacare’s individual mandate in their tax reform law, which President Donald Trump said was effectively a repeal of Obamacare.
- A new Congressional Budget Office report shows that fewer people will leave the Obamacare market due to the mandate repeal than previously thought.
- Part of the reason, the CBO said, was because people value health coverage more than before Obamacare was passed.
Even after sustaining a major blow from Republicans, Americans may not ditch Obamacare as quickly as previously thought.
The new GOP tax reform law contained a provision that virtually eliminated Obamacare’s individual mandate, which requires all Americans to purchase health coverage or face a penalty. After Congress passed the tax law, Trump claimed that...
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