23 million would lose health coverage under GOP bill
- Author: Leroy Wright May 26, 2017,
May 26, 2017, 12:58
The CBO report provides a launch pad for the Senate to now consider the AHCA, where it is expected to undergo many changes. Federal spending reductions for Medicaid would result from installing a per-capita cap on federal funding for the program for some enrollees and a block grant for others seeking coverage. Under the act, premiums for older people could be five times larger than those for younger people in many states, but the size of the tax credits for older people would be only twice the size of the credits for younger people.
Lawmakers have had to contend with supporting a bill that would strip away coverage from so many Americans.
It would reduce the deficit, mostly through cuts to Medicaid. It said consumers' out-of-pocket costs for those services "could increase by thousands of dollars in a given year for the (patients) who use those services". That person would pay between $1,250 to $1,750 under the GOP proposal.On average, premiums would drop roughly 20 percent in 2026 than under current law, but that figure comes with an important caveat.Last month, GOP leaders in the House revised their plan, adding a condition that would allow states to determine the essential benefits that needed to be covered in every health plan.Under Obamacare, every plan sold in the USA needed to cover benefits such as maternity care, mental health care, substance abuse, rehabilitative treatment and prescription drugs. It comes three weeks after the House passed the legislation with only Republican votes, and as Senate Republicans try crafting their own version, which they say will be different.
It's not known if Florida would join states seeking a waiver of rules to let insurers charge sick people more - potentially lowering costs for healthy people - but CBO projected about a sixth of the US population would live in states doing so.
The CBO score report says that states for about half the population will likely take these waivers.
Sen. Tillis doesn't seem to recognize the severe damage that the Republican health care bill would cause or the likelihood that its waivers will hit home here in North Carolina. The CBO echoed a similar sentiment in its report Wednesday. But the Republican bill, the American Health Care Act, allows states to apply for waivers from both of those provisions.
"When House Republicans voted for Trumpcare earlier this month, they were focused on gutting the Affordable Care Act so money would be freed for a $900 billion tax cut for the wealthy and health insurers". "The Affordable Care Act doesn't have a back-up plan for this situation", as Vox's Sarah Kliff and Sarah Frostenson reported Wednesday, so it's not clear how this could play out.
"Under Obamacare, premiums have more than doubled, and choices have dwindled to the point that many families have no options at all", said Speaker Paul Ryan (R., Wis.). Patty Murray, the top Democrat on the Senate health committee, said in a statement. They would see minimal decreases in premiums, though the amount would vary widely by age.
Even before the report, many Republican senators were wary of the House version of the healthcare bill, saying it unravelled Obamacare too much and too quickly.
Ultimately, yes. The bill has to save $2 billion overall - this bill saves $119 billion over ten years.