they don t want subsidized plans because it s not good for them, and that s not taking anything away from anybody, and that s their choice. if the mandate is not there people will not have to deal with paying that or having a plan and they will probably with draw from the plans, probably the young healthy people and that will raise the premiums on the exact population the president said he would look out for. unless not having a mandate penalty allows the young people to buy plans, and so it may provide us a window to allow them to have more cost options. we will have to address that in january. you will have to address it because it could create a strain on the emergency system that is going to pass more burden on to taxpayers. that s a separate argument for a separate day. you are always welcome, sir.
the individual mandate won t fix the premium problem. let me point out that the mandate penalty will provide relief for people who are getting clobbered and here s wh why. under the senate tax bill, it repeals the penalty for not having obamacare. that s going to provide relief for 6.5 million people who are currently paying the penalty and for 3 million more people who the cbl would like to stop buying obamacare, but look at the penalty is a gun to their head. most importantly, 35 million families, low income families and moderate income families they get the child tax credit, that credit doubles because what the savings from repealing this are going to do is double the child tax credit. when you hear senators like susan collins say i don t want to repeal the mandate, ask her,
people and the common good. the fact is that 80 times as many people will benefit from repealing the mandate as will be harmed. this is why. not only do you have the nine million people i just cited, but in addition, 35 million families will see their child tax credit doubled. that s the savings from repealing this mandate penalty will be used for. $338 billion will enable to senate to double the child tax credit from $1,000 to $2,000. this will benefit 35 million families. on the other side, there s only 80,000 people enrolled in obamacare that would have to pay the higher premium and not have the alternative of buying a non-obamacare be plan. only 80,000 that earn too much for the subsidy and have a pre-existing condition. neil: bottom line, if it s this issue or americans are
cost-sharing subsidies. not having the cost-sharing subsidies paid for by congress, we re raising rates on average americans. the people hit hardest are people who make over $98,000 because they pay the full rate. they get no federal subsidy. they will see that 23% increase and have to pay it all themselves or go without insurance and have to pay the mandate penalty. those are the people who are being hurt by this unwillingness to pass the cost-sharing subsidies. it s not the insurance companies at the end. but lonny, it s one thing for democrats and republicans to differ on health care policy, of course, but lamar alexander, republican, doesn t think this is a bailout, susan collins, republican, called the characterization that it is a payoff or bailout disturbing. how can republicans be so far apart on this? well, you know, kate, it comes back to the fact and we ve known this all along if you look back at the failed efforts to repeal and replace obamacare,
same things. it s important to note that by 2026, according to to the congressional budget office, 5 it million americans would be uninsured versus 28 million under the current law in 2026. had we gone on with the affordable care act, obamacare, by 2026, 28 million uninsured, under this, that number is about double that. so here s the net effect. a whole lot more people will not have insurance according to to the cbo, but by 2026, ten years and nine years from now, premiums will be lower then that would have been under the affordable care act. now there are two consequences to this. one as the congressman mentioned, people healthy will choose to get out of the insurance pool and because they re not paying the mandate penalty anymore. the nit result of that though is that you do end up with a sick pool. and you don t have that balanced effect that you need in order to have a healthy insurance system. so there s a fundamental market