Monday, March 13, 2017
"House Speaker Paul D. Ryan’s proposal to revise the Affordable Care Act would lower the number of Americans with health insurance by 24 million while reducing the federal deficit by $337 billion by 2026, congressional budget analysts said Monday.
The report from the Congressional Budget Office underscores the dramatic loss in health insurance coverage that would take place if the GOP health-care plan is enacted, potentially contradicting President Trump’s vow that the plan would provide “insurance for everybody” and threatening support from moderate Republican lawmakers.
Fourteen million people would lose health coverage next year alone, the report stated. Premiums would be 15 to 20 percent higher in the first year compared to the ACA, and 10 percent lower on average after 2026. By and large, older Americans would pay “substantially” more and younger Americans less, the report states.
Proponents of the plan, led by Ryan (R-Wis.), have argued the total number of people covered is the wrong way to measure the law’s impact.
The CBO report marks the beginning of a new phase in the debate over the week-old health-care bill, which is moving through the House on an accelerated timetable despite opposition from Republicans, Democrats and virtually every sector of the U.S. health-care industry. Conservative Republicans, in particular, have demanded changes to the measure in exchange for their support.exchange for their support."
Obamacare revision would reduce insured numbers by 24 million - The Washington Post