CBO to release analysis of Republican Senate health care bill

Frederick Owens
June 27, 2017

Congressional Democrats immediately lobbed harsh criticism at the GOP Senate health care bill after a Congressional Budget Office estimate showed 22 million people stand to lose health insurance coverage if the bill becomes law.

Here is a sampling of what these Republicans said, and what the CBO says on the same topic. Rand Paul, don't believe the Senate bill goes far enough to repeal Obamacare, while others, like Maine Sen. The nonpartisan Congressional Budget Office determined that 22 million more Americans would be uninsured by 2026 than under the current law. All of us, including Republicans whose constituents depend on Medicaid to survive, must work together to see that this bill is defeated.

The budget office writes that, "The largest savings would come from reductions in outlays for Medicaid - spending on the program would decline in 2026 by 26 per cent in comparison with what CBO projects under current law", also known as Obamacare.

The budget office report said coverage losses would especially affect people between ages 50 and 64, before they qualify for Medicare, and with incomes below 200 percent of poverty level, or around $30,300 for an individual.

As he did during the House negotiations, Mr Trump has personally pushed for a Senate bill, calling fellow Republicans to mobilise support. While the Senate would be loathe to adopt an Obamacare policy it's long slammed as government tyranny, the chamber reportedly wants to add its own version of a penalty for not carrying insurance: locking people who don't maintain continuous health coverage out of the individual health market entirely for six months.

More news: Serena asks McEnroe for respect after comparison to men

Insurance companies responded to the bill nearly immediately, calling on Congress to come invite them to the table for greater input.

In subsequent tweets, Collins specifically pointed out the CBO's analysis on people losing insurance, Medicaid cuts, and access to health care in rural areas.

In undermining the ACA, the Senate bill eliminates enforcement of the health care mandate, and replaces federal subsidies with smaller tax credits that will make it more hard for older populations to access insurance. Yet, if the GOP does not have the votes, they may hold off until after the July 4 recess. And it would jettison Obamacare's taxes on the wealthy, insurers and others, while allowing insurers to charge more to older policyholders.

With every Democrat expected to vote "NO", Republicans can only afford to lose two votes to pass the bill. "There are provisions in this draft that represent an improvement to our current health care system, but it does not appear this draft as written will accomplish the most important promise that we made to Americans: to repeal Obamacare and lower their health care costs".

"States will face impossible choices prioritizing among people with disabilities, low-income Americans, and children and will have no option but to slash services that are essential for the daily lives of millions", the letter said. The decrease would be less than in 2020 mainly because of a reduction in the federal stabilization funding.

Other reports by LeisureTravelAid

Discuss This Article