Health

Study: GOP Plan To Repeal Obamacare Would Increase Costs For Seniors

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If Republicans were to succeed in repealing Obamacare, seniors would pay significantly more for health care, according to a new report from the Kaiser Family Foundation. And Medicare would be insolvent in four years — by 2016 instead of by 2024 under the Affordable Care Act — because of increased spending. “Because the ACA is expected to reduce net spending over ten years, repealing the ACA would increase net Medicare spending by $716 billion over ten years,” the report’s authors write. Without the health care reform law, free preventive services would be eliminated, and the gap in prescription drug coverage for seniors would reopen, for example.