CBO: Republican Health Care Bill Cuts Less Than Previous Versions

Glen Mclaughlin
May 25, 2017

An estimated 23 million Americans will lose health insurance over a 10-year period under the Republican health care bill aimed at repealing the Affordable Care Act, the non-partisan Congressional Budget Office says.

When the Congressional Budget Office first scored Republicans' Obamacare replacement in March, many Republican moderates were disturbed by the finding that 24 million fewer Americans would have health insurance under the GOP plan.

CBO projected that by 2026, the number of uninsured people younger than 65 will reach 51 million-"compared with 28 million who would lack insurance that year under current law".

If the new bill passes, it will reduce the federal deficits by $119 billion over 10 years, according to the CBO. The Trump administration already has relied on the House bill's health-care spending cuts in its proposed federal budget.

The Senate, which like the House is controlled by Republicans, intends to craft its own bill, which would then need to go back to the House.

Erasing former President Barack Obama's health care law was a top promise of Donald Trump during his presidential campaign, and by congressional GOP candidates since its 2010 enactment.

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Today Congresswoman Suzanne Bonamici (D-OR) called out House leadership after the nonpartisan Congressional Budget Office (CBO) released its assessment of the costs of the health care legislation that passed the House earlier this month.

"This assessment from the nonpartisan Congressional Budget Office proves that the bill passed by a party-line vote with no hearings will be risky and harmful".

"The CBO score of the House bill is one factor, but I think in any universe, the Senate bill will be significantly different from the House bill", Sen.

Democrats pounced on the new report moments after it was released. However, a certain portion of those people would likely purchase plans using tax credits, the CBO expects. One was the addition of $15 billion to a risk-sharing program aimed at lowering premiums for higher-cost individuals.

The CBO found that the amendment would cause instability in the individual insurance market for about a sixth of the population because it would become hard or impossible for less healthy people to purchase comprehensive coverage. The agency estimated that about one-sixth of the US population - more than 50 million people - live in states that would make substantial changes under the waivers. Schumer said the legislation would end up "causing costs to skyrocket, making coverage unaffordable for those with preexisting conditions and many seniors, and kicking millions off of their health insurance". They disagree on a broad range of issues, from how many insurance regulations should be required to the size of tax subsidies to make health insurance more affordable for many Americans, and whether to continue the expansion of Medicaid that happened under Obamacare.

House leaders were criticized intensely for having their members vote on the bill without a full report on its possible effects on May 4.

Other reports by MaliBehiribAe

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