The GOP Healthcare bill written to repeal and replace the Affordable Care Act, narrowly passing in the House, would increase the projected number of people without health insurance by 14 million next year and by 23 million in 2026. According to the Congressional Budget Office on Wednesday, that 10-year figure is slightly less than originally estimated.
The CBO’s analysis estimates the House health care bill would reduce the federal deficit by $119 billion over a decade, less than the $150 billion in savings projected in late March for an earlier version of the bill. States seeking waivers from rules mandating essential health coverage signals the GOP health care bill could be economically out of reach for some sick consumers.
“Premiums would vary significantly according to health status and the types of benefits provided, and less healthy people would face extremely high premiums,” the CBO concluded.
The new score released by the nonpartisan Congressional Budget Office puts a huge dent into Republican efforts to dismantle President Barack Obama’s Affordable Care Act. Amid the controversy surrounding the narrowly passed House bill, The Senate were prepared for the bill’s overhaul, stating they would make substantial changes to the measure passed by the House.
Senator Mitch McConnell (R-Kentucky) said that it might be challenging locating a majority to repeal and replace the healthcare law.
“I don’t know how we get to 50 at the moment,” McConnell told Reuters on Wednesday. “But that’s the goal.”
The Senate minority leader, Chuck Schumer (D- New York) criticized House Republicans for voting on a revised health care measure without an updated analysis from the Congressional Budget Office.
“Republicans were haunted by the ghost of CBO scores past, so they went ahead without one,” Schumer said. That action was reckless — “like test-driving a brand-new car three weeks after you’ve already signed on the dotted line and paid the dealer in full.”
The House bill was approved on May 4 by a narrow vote of 217 to 213, without support from Democrats. The bill would eliminate tax penalties for the uninsured and roll back state-by-state expansions of Medicaid, which provided coverage to millions of low-income people. Replacing government-subsidized insurance policies offered exclusively on the Affordable Care Act’s marketplaces, the bill provides tax credits of $2,000 to $4,000 a year, depending on age.
Under the House bill, states could opt out of certain provisions of the health care law, including requiring insurers to provide a minimum set of health benefits. Another provision prohibits states from charging higher premiums based on a person’s health status.