Monday, March 13, 2017

Congressional Budget Office: 14 Million Could Lose Healthcare Coverage In 2018


The non-partisan Congressional Budget Office (currently run by a Republican) has issued it's findings on the American Health Care Act which has been proposed to replace Obamacare.

In short, instead of covering more people, fewer folks will have healthcare.

From CNN:

Fourteen million more Americans would be uninsured under the House Republican health care bill than under Obamacare in 2018, the non-partisan Congressional Budget Office said Monday.

The long-anticipated score immediately puts the writers and supporters of the GOP Obamacare bill on the defensive. It is also certain to complicate the party's already troubled efforts to repeal and replace the Affordable Care Act.

The Republican bill, titled the American Health Care Act, would reduce the federal deficits by $337 billion over 10 years, the CBO said.

The legislation, introduced last Monday, has sparked deep concern among Republican lawmakers in both the House and the Senate. The sources of unease are wide-ranging.

Prominnent conservatives on Capitol Hill, for example, have argued that the bill doesn't go far enough, labeling it "Obamacare Lite." One element of the legislation that has drawn fierce scorn is the refundable tax credits, which conservative Republicans say amounts to an entitlement program.

As proposed Medicaid changes go into effect, the CBO projects this could rise to 24 million by 2026.

President Trump has endorsed the plan.

You may recall President Trump, on January 25, said, "We're gonna come up with a new plan that's going to be better health care for more people at a lesser cost."

"I firmly believe that nobody will be worse off financially in the process that we're going through," Health and Human Services Secretary Tom Price said on NBC's "Meet the Press" Sunday.

Bolding is mine.

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