CBO report: GOP healthcare plan would result in 23 million more uninsured

The American Health Care Act (AHCA) would result in 23 million more Americans being uninsured by 2026 when compared the current health insurance system, Obamacare. However, the AHCA is projected to reduce the nation’s deficit by $19 billion in the next decade, according to a report released Wednesday by the nonpartisan Congressional Budget Office.

According to the CBO, premiums for young, healthy Americans would be lower, however those who have pre-existing conditions could expect their premiums rise. The bill would not require states to cover certain essential healthcare benefits such as maternity and mental health.

The AHCA was narrowly passed by the Republican-led House of Representatives earlier in May after several previously failed attempts to repeal-and-replace the Affordable Care Act (ACA). While House Speaker Paul Ryan saw the passage as a victory for the GOP, Senate Republicans are skeptical about passing the bill in its current form.

With CBO’s analysis now public, many members of the party are wary of backing the bill they say could hurt their constituents. The Senate is expected to write their own bill, and has many versions already in progress.

“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,” Sen. Susan Collins (R-ME) said. “I urge my colleagues to support the comprehensive ACA replacement plan Senator Cassidy and I introduced that will allow more Americans to obtain health insurance, preserve significant consumer protections, and help moderate the cost of health care.”

Unlike Collins, many Republicans dismissed the CBO’s numbers as either inaccurate, or failing to tell the whole story. Secretary of Health and Human Services, Tom Price, said the numbers are just plain wrong.

“The CBO was wrong when they analyzed Obamacare’s effect on cost and coverage, and they are wrong again,” Price said.

Democrats capitalized on the CBO’s report as an opportunity to make a public appeal to keep the suddenly popular Obamacare in place.  Senate Minority Leader Chuck Schumer (D-N.Y.) called the plan a “nightmare” and said he hopes that this will be the “final nail in the coffin” with regards to the Republicans’ goal to repeal and replace the ACA.

Senate Majority Leader Mitch McConnell (R-Ky.) was equally as pessimistic, but for different reasons, telling Reuters he didn’t think Congress’ upper chamber could even muster 50 votes to pass a modified version of the House bill.

 

Editor’s note: This story has been updated.

 

[National Public Radio] [CNN] [CNBC] [Business Insider] [New York Times] [Photo courtesy Money Inc via KCUR.org]

1 Comments

  1. Diala

    If the GOP is willing to give up their gold plated health coverage, all the perks they get as senators and representatives, and work for and under the same conditions most of us work under I’ll be happy to take on their insurance. However, as long as what they plan for us isn’t good enough for them, I want no part of it. The quality of the care, the timing of the care, and where we get the care when we need it should not, in this day and age, be tied to how much money we earn or what plan we select. Accidents happen, unexpected illnesses occur. Even well controlled chronic conditions can worsen in flash. If the GOP believes that Americans can control their health expenditures the way we control what cars we buy they are wrong. Life happens to all of us. We cannot control every aspect of it. But we can expect our government, of which they are a part and whose salaries we pay, to work on our behalf when it comes to health care, civil rights, education, etc. That they don’t and that they continue to display a complete lack of understanding of what it’s like to be a working class American tells me that they have no business claiming to serve Americans.

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