CBO: Repealing Health Coverage Mandate Would Save $338 Billion

House Ways and Means Committee Chairman Kevin Brady, R-Texas, and Rep. Richard Neal, D-Mass., listen to debate on tax reform on Wednesday.

J. Scott Applewhite/AP


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J. Scott Applewhite/AP

House Ways and Means Committee Chairman Kevin Brady, R-Texas, and Rep. Richard Neal, D-Mass., listen to debate on tax reform on Wednesday.

J. Scott Applewhite/AP

Getting rid of the requirement that everyone in the country have health insurance coverage would save the government $338 billion over the next decade, according to a Congressional Budget Office analysis released Wednesday.

But that savings would come with 13 million fewer people having insurance coverage by 2027, CBO analysts say. Some of those people would not want to buy insurance, but others couldn’t afford it. The CBO also predicts that average premiums would be 10 percent higher in most years than they would be under current law.