Hide Your Wallets, This Is How Much It Would Cost To Give Illegals Obamacare
As we move forward towards the 2020 elections, Democrats are pushing a little harder for healthcare for all. Some are going as far as to extend that privilege to illegals. A new report shows us exactly what that would do to our economy but to give you an idea, we’re looking at about $20 billion annually.
The Center for Immigration Studies released a report detailing the cost of covering illegal immigrants under Obamacare. A cost that only the working class taxpayers will pick up. The numbers will make you sick
Many of the Democratic candidates for president have endorsed providing health insurance to illegal immigrants. This analysis estimates the cost of providing illegal immigrants access to the existing system of government health benefits for low-income people. (We do not model the costs of scrapping the current system and giving all U.S. residents free government health insurance, as some candidates have proposed.) We estimate that there are 4.9 million uninsured illegal immigrants with incomes low enough to qualify for Medicaid or Advanced Premium Tax Credits (APTC), which are the subsidies provided by the Affordable Care Act (ACA). Assuming a realistic enrollment rate, the cost of providing ACA subsidies to illegal immigrants would be about $10 billion per year, with costs rising to as much as $23 billion per year if all eligible illegal immigrants enrolled. Costs would be similar under a hybrid approach that provides Medicaid for the lowest-income illegal immigrants and ACA subsidies for those with higher incomes.
-Consistent with other research, we estimate that there are 4.9 million uninsured illegal immigrants with incomes low enough (less than 400 percent of the poverty threshold) to qualify for subsidies under the ACA.
-Given their age and income, the average cost of providing an ACA subsidy for an illegal immigrant would be about $4,600 each year.
-The total cost of providing ACA subsidies to illegal immigrants could be $22.6 billion annually if they all enrolled. The total cost assuming a more realistic enrollment rate is $10.4 billion per year.
-While the overall cost would be large, the average subsidy illegal immigrants would receive is still smaller than the average ACA subsidy. This is primarily because illegal immigrants are a relatively young population.
-Although we consider an ACA-only approach the most likely, we also estimate the costs of a hybrid ACA-Medicaid scenario, in which the lowest-income illegal immigrants (about half of the illegal population) are given Medicaid, while those with higher incomes still receive ACA subsidies.
-Compared to an ACA-only approach, the total cost of the ACA-Medicaid hybrid would be similar — $19.6 billion when assuming 100 percent enrollment, and $10.7 billion assuming a more realistic enrollment rate in both programs.
-We do not attempt to estimate indirect or second-level costs, such as the possibility that offering government health benefits could incentivize more illegal immigration.
Are you ready to pick up that cost? What about the hoard of people who will likely flock here for the free healthcare? Let us know in the comments below.
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