CBO estimates that 14 million Americans would be uninsured in 2018 as a result of this bill, increasing to 19 million in 2020 and 23 million Americans in 2026.
The latest CBO analysis came after House Republicans made changes to the bill earlier this month to try to ensure that people with pre-existing medical conditions can still get insurance.
“Unfortunately, the CBO estimates that 23 million Americans would lose insurance coverage over the next decade, and the impact would disproportionately affect older, low-income Americans”, Ms. Collins said of the House bill.
In many states, insurance costs could soar for consumers who are sick or have preexisting medical conditions, while premiums would fall for the healthy, the new estimate concludes. One of the amendments gives wide latitude to states to request waivers from Obamacare provisions created to ensure comprehensive coverage for everyone, regardless of health status.
Democrats quickly reacted to the findings.
Under the new plan, federal funding for health care programs for the poor and disabled would shrivel by $834 billion through a phase out of Medicaid’s expansion.
For some, overall health care costs would go up by even “thousands of dollars” for the so-called essential health benefits that are now treated as mandated coverage under Obamacare, the CBO report stated.
Replacing the Affordable Care Act, commonly known as Obamacare, was a priority of Donald Trump during his presidential campaign, and of Republican lawmakers since its enactment in 2010.
But even before the CBO report was released on Wednesday, it was clear that there is little interest among senators in taking up the controversial House bill in its current form.
The Louisiana Republican was asked Thursday if the Republican health care plan passed the “the test”, a reference to the Kimmel moment.
However, the agencies estimate that approximately17% of the USA population resides in areas in which the nongroup market would start to become unstable beginning in 2020. That instability would result from market responses to decisions by some states to waive two provisions of federal law, as would be permitted under H.R. 1628.
There is also the possibility that the GOP healthcare bill will destabilize insurance markets in certain states.
The second category pertains to “community rating”: The ACA allows premium variations only for smokers and geographic location, or within stiff limits for age. People who still have health insurance are going to see their premiums rise, according to the CBO, and the health insurance they’re left with will “fail to cover important medical services, and people with pre-existing illnesses could be shut out of coverage” entirely, reports the New York Times. But some health care experts are skeptical that high-risk pools would have enough money to fully cover people in need.
The $119 billion deficit reduction represents a decline from previous versions. Many Republican members of Congress admitted that they didn’t read it before voting for it, but more importantly, the nonpartisan Congressional Budget Office (CBO) was not given the chance to analyze the legislation before it went to the floor for a vote.
Ryssdal: To the issue of consumers in this economy and the purchasing of health care, the whole thing with the Republicans in the House was, “We have to get the premiums down, we have to get people to be able to pay for the insurance that they want to buy”. But it’s impossible to make a meaningful blanket statement about how premiums would change under this bill, as those changes differ vastly for different groups of people. “It’s back to the bad old days under this Republican approach”. About one-third of Americans live in states that would seek moderate relief from those rules. In these states, people on the individual market “who are less healthy would ultimately be unable to purchase comprehensive non group health insurance at premiums comparable to those under current law, if they could purchase it at all”, the report says.