The Affordable Care Act, or Obamacare was subject to a lot of debate during the most-recent presidential campaign. President-elect Donald Trump made repealing the Obamacare a hallmark of his campaign.
Gov. Andrew Cuomo’s office released the data showing how repealing Obamacare would impact New York residents. The overall impact on the state budget would be $3.7 billion with individual counties across the state losing $595 million in direct spending.
Individual residents would lose $250 million in health care savings tax credits, as well.
“The cost of a repeal of the Affordable Care Act, to state and local budgets and to the New Yorkers who depend on its health care coverage, is simply too high to justify,” Governor Cuomo said.
“Since its implementation, the Affordable Care Act has become a powerful tool to lower the cost of health insurance for local governments and New Yorkers, and it is essential that the federal government does not jeopardize the health and livelihoods of millions of working families.”
The Governor says the New York State of Health exchange has successfully cut the percentage of uninsured residents from 10 percent down to 5 percent.
It has also significantly expanded eligibility and access to health coverage, allowing hundreds of thousands of previously uninsured New Yorkers to achieve economic and healthcare security.
Cuomo’s office says the repeal of the Affordable Care Act would result in over 2.7 million New Yorkers losing health coverage. The estimated number of individuals at risk of losing coverage, based on current enrollment levels, is broken down by counties below:
To see every county in New York and how many residents would lose coverage if the Affordable Care Act were repealed — click here.