The CBO says the newest Republican healthcare bill would leave 'millions' more without health insurance




 

(Sen. Bill Cassidy, who co-authored the healthcare bill that got a score from the CBO on Monday.Jonathan Bachman/Reuters)
The Congressional Budget Office said the latest attempt by Republicans in the Senate to repeal and replace the Affordable Care Act will leave "millions" of Americans without insurance.

The CBO stopped short of putting a more specific number on its assessment, as it has in the past, saying it needs more time to do that.

The score for the plan, known as the Graham-Cassidy bill, is limited in scope due to the short timeframe in which the CBO had to produce it and only includes the budgetary effects of the bill.

The office projected that the Graham-Cassidy bill would reduce the federal deficit through 2026 by more than the $133 billion in savings from the House's American Health Care Act. That ruling allows Republicans to bypass a Democratic filibuster.

The bill is required to save as much or more than the House bill to qualify under the procedure known as budget reconciliation, which allows Republicans to pass it with a simple majority.

Monday's CBO score provided only a vague assessment of the insurance coverage impacts of the bill.

"The number of people with comprehensive health insurance that covers high-cost medical events would be reduced by millions compared with the baseline projections for each year during the decade, CBO and JCT estimate," said the CBO's report. "That number could vary widely depending on how states implemented the legislation, although the direction of the effect is clear."

Independent analyses from by the Brookings Institution and the Commonwealth Fund estimated that the bill would result in up to 18 million more uninsured through 2019 and 21 million more uninsured through 2026 if signed into law.

Additionally, since the Graham-Cassidy bill would shift federal healthcare funding in 2020 to block grants (lump sums paid up front every year based on the number of people enrolled in certain programs), it would require states to develop and implement virtually an entire new health system in just two years. Such a short timeframe, experts say, could cause chaos in health insurance markets.

The CBO said it would need "at least several weeks" to produce a more comprehensive score of the bill.

Due to these analyses, combined with the massive amounts of federal assistance cut in the bill, GOP leaders have not been encouraged about the legislation's prospects. Two GOP members - Rand Paul and John McCain - have formally announced their intentions to vote against the bill. Several others from across the conference have also expressed misgivings.

Only two Republican senators can vote against the bill for it to pass.

NOW WATCH: Steve Bannon: Firing Comey was the biggest mistake in 'modern political history'





COMMENTS

More Related News

Trump's Latest Health Care Move Will Cause Pain, But Not For The Poor
Trump's Latest Health Care Move Will Cause Pain, But Not For The Poor

President Donald Trump's decision to halt a series of payments to health insurers could eventually affect millions of Americans who buy coverage through one of the Affordable Care Act's exchanges or on their own, directly from insurers.

Trump Says There's 'No Such Thing As Obamacare Anymore' One Month Before Enrollment Starts
Trump Says There's 'No Such Thing As Obamacare Anymore' One Month Before Enrollment Starts

President Donald Trump falsely claimed on Monday the Affordable Care Act no longer exists, a statement that follows a long list of actions his administration has taken to undermine the law.

Nancy Pelosi: This Was The Week Donald Trump 'Went Rogue'
Nancy Pelosi: This Was The Week Donald Trump 'Went Rogue'

.@NancyPelosi to @GStephanopoulos: "This week, the week of Friday the 13th, is the week that President Trump went rogue."

Trump Ally Says President Cut Off Obamacare Payments To Destroy Health Law
Trump Ally Says President Cut Off Obamacare Payments To Destroy Health Law

President Donald Trump ended payments to health insurance companies serving the poorest Obamacare customers in order to deliberately destroy the health care law, former chief White House strategist Steve Bannon said.

One-on-one with House Democratic Leader Nancy Pelosi
One-on-one with House Democratic Leader Nancy Pelosi

Rep. Nancy Pelosi, D-Calif., weighs in on the Iran deal, health care reform, and more on "This Week."

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Economy

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.