CBO: New Health Bill Would Leave Millions Uninsured, Save Less
- Author: Zachary Reyes Mar 24, 2017,
Mar 24, 2017, 20:12
"As a result of those amendments, this estimate shows smaller savings over the next 10 years than the estimate that CBO issued on March 13 for the reconciliation recommendations of the House Committee on Ways and Means and the House Committee on Energy and Commerce", the Congressional Budget Office reported Thursday afternoon, the same day the House of Representatives originally intended to vote on the bill. Its previous estimate projected the bill would reduce the federal deficit by $337 billion.
House Republicans revised the troubled proposal earlier this week with a slew of changes created to garner more support from both factions of their fractured caucus - moderate Republicans who questioned the bill's coverage losses on the poor and elderly and conservatives who said the legislation retained too much of Affordable Care Act which it was meant to replace.
Like the original version, an estimated 24 million fewer people would still be without insurance in 2026 compared to how many would have coverage if the Affordable Care Act is left alone.
The White House has said it anticipates the health care law passing, even as some Republicans have said they have concerns about it. The House will reportedly take a vote on the measure Friday. Freedom Caucus voters could easily help surpass that threshold, but have been at odds with Republican leadership since the AHCA, or H.R. 1628, was first announced. Chris Collins, R-N.Y., and Mulvaney both said Trump is done negotiating on healthcare. "None of us that want to save money are happy about the direction that's going", King said, "but as a matter of principle, it's more important that we eliminate mandates than it is that we [save] $200 billion over 10 years".
"After seven awful years of Obamacare (skyrocketing premiums & deductibles, bad healthcare), this is finally your chance for a great plan!"
Unlike the former president's signature law, though, the AHCA would spend less on subsidies and reduce Medicaid spending - using those savings to eliminate taxes imposed by the ACA on wealthier Americans and medical companies.
The manager's amendments targeted Medicaid expansion, ACA taxes and funding for age-based tax credits.
That version has not yet received a "score" from the CBO as the other two versions have because it is not yet finalized.