The report was the budget office’s first analysis of the GOP health care overhaul that the House narrowly approved this month with only Republican votes. The CBO’s assessment shows that the deficit would fall and premiums would fall for some Americans, but the report also raises potential concerns about the bill.
CORNISH: Let’s dig into that a little more because we know this has been a sticking point in negotiations over the bill, and the bill does still have to go to the Senate. Under this GOP bill, with the waivers out of requirements, the CBO thinks that 64-year-old would see their premiums skyrocket. “Millions of Americans will become uninsured -with low-income families on Medicaid being hit the hardest”. So it’s easy to lower health insurance when you kind of kick the sick people out of the pool.
The increase in the number of uninsured is also slightly lower than in the CBO’s initial estimate.
“The goal was to make sure we changed the laws in America so more Americans would have the protection of health insurance”. There been a few scores, but the most recent CBO score was $150 million saved.
“In 2026, an estimated 51 million people under age 65 would be uninsured, compared with 28 million who would lack insurance that year under current law. This means many small firms would close up shop while others would never get off the ground”, said John Arensmeyer, founder of Small Business Majority, which represents 55,000 small businesses. The CBO indicates that it would by making health care less affordable for some consumers in states that obtain the waivers. CBO says very clearly that’s not the case. For states that do not request waivers for essential health benefits or community rating, premiums are expected to decline by 4 percent by 2026.
More than two weeks after their colleagues in the House managed to pass a bill to repeal and replace Obamacare, Senate Republicans offered a tepid reaction – at best – to the CBO score. Likewise, it undershot on the number of Medicaid enrollees.
HealthAffairs.com, a health policy commentary website, said Parente has been critical of the Affordable Care Act since at least 2014 and more recently has worked on conservative proposals to replace the law.
In some areas of the country, people with pre-existing medical conditions and others who were seriously ill “would ultimately be unable to purchase” robust coverage at premiums comparable to today’s prices, “if they could purchase at all”, the report said.
Those provisions included waivers states could get for insurers to raise premiums on some people with pre-existing conditions, and to ignore health benefits that must be covered under Obama’s law. One of the last minute changes to the bill – allowing states to waive some Obamacare rules and a funding increase to help those who might be adversely affected – looks set to price them out of the market. But less healthy Americans in those states could face “extremely high premiums”, the report said.
Republican Senator Susan Collins said too many people would lose insurance and that older and low-income Americans would be hurt.
The 2013 figures are from insurance company reports to the states.
Also many insurers have chose to opt out of participating in state Affordable Care Act exchanges due to cost concerns. Don’t throw that unpopular bill on us.
The Trump administration’s FY 2018 budget proposes additional Medicaid cuts and was in part crafted so as to conform with the American Health Care Act.
Yesterday (May 24), the CBL paired with Congress’ Joint Committee on Taxation to release a much-anticipated report on the AHCA.