The Congressional Budget Office announced Monday that the replacement of Obamacare would leave 14 million Americans uninsured by next year and 24 million uninsured in the next decade.
Although some consider this report to be a knock against the GOP bill, many advocate for the bill’s intent to lower overall federal spending – a point the report affirms, citing a reduction of $337 billion in federal deficits from 2017-26.
Since the 2010 law, better known as Obamacare, kicked into full gear on January 1, 2014, at least 20 million Americans, including 5 million Californians, gained insurance coverage, majority through a provision that expands Medicaid – called Medi-Cal in California. And it says the changes would mean Medicaid beneficiaries would be reduced by some 14 million people – about half of the additional uninsured under the GOP bill – by 2026.
Forbes questioned the CBO’s numbers, noting among other things that it was “highly unlikely” that 5 million people will only enroll in Medicaid, which is basically free to eligible enrolleees, if the individual mandate forces them to.
The report breaks down the projected costs of the GOP plan to replace the Affordable Care Act.
Hours after the CBO report was released, the House Budget Committee postponed its consideration of the Republican Bill until tomorrow.
The CBO, Spicer said “is there to measure the potential impact of programs on the federal budget”.
Republican senators, alarmed by a nonpartisan report showing millions would lose insurance under the GOP health-care plan, warned Tuesday that the bill wouldn’t become law without fundamental changes.
Such an increase could have big consequences for the more than 2 million people addicted to pain medication across the United States, including more than 200,000 in the Ohio Valley Region.
Christopher Ruddy, the CEO of Newsmax Media and a top backer of President Donald Trump, has had enough of House Speaker Paul Ryan and the conservative House Freedom Caucus. Criticism has come from Democrats, Republicans from states that benefit from Obama’s law, and many corners of the health-care industry. Conversely, if the Affordable Care Act – also known as Obamacare – remains in place, 28 million people would not have coverage, the report found. “They’ve said that many more people would be insured than are actually insured”. It speaks so eloquently to the cruelty of the bill that the speaker calls “an act of mercy”. The plan replaces the Obamacare entitlement with refundable tax credits so that people who don’t receive insurance through work can put their own tax dollars toward a health plan of their choice.
“I firmly believe that nobody will be worse off financially in the process that we’re going through”, Price said on NBC’s “Meet the Press” Sunday.