United States health-insurance bill faces stiff opposition

Nettie James
June 30, 2017

In fact, we know the CBO's previous estimates of Obamacare enrollment have been badly wrong.

The Senate revamped the House GOP, incorporating more of Obamacare's infrastructure while cutting Medicaid more deeply in later years. The overall net effect of the bill would be to reduce the budget deficit by $321 billion, while providing a cumulative tax cut of some $541 billion over the next decade alone, the vast majority of which would go to a small number of high-income households.

If facts matter - a big if - a damning new nonpartisan assessment of the Republican Senate's Obamacare repeal should be more than enough to consign that bill to the dustbin. The Senate must not rush legislation that would throw them into peril.

Heller said in a statement, "I can not support a piece of legislation that takes away insurance from tens of millions of Americans and hundreds of thousands of Nevadans".

"Senate leadership doesn't have the information to sell it to the American public", Johnson said.

President Trump on Monday raised in a Twitter post the possibility of allowing ObamaCare to "crash & burn" if the GOP-backed bill to repeal and replace the health care plan fails in the Senate. How does this forecast affect the chances of the bill passing? According to CBO's projections, the bill would leave 22 million more Americans uninsured by 2026. The CBO found that revisions in the bill lowered federal deficits by $119 billion and left a projected 51 million people uninsured, or 23 million more by 2026 than would be uninsured under the Affordable Care Act. The bill would also eliminate Obamacare's cost-sharing reductions, insurer subsidies to help low-income individuals afford care.

However, the Senate has already tweaked that aspect of the bill. Insurers need healthy customers who are cheap to cover to help pay the costs of people with medical conditions that are costly to treat. But they will probably embrace CBO's estimate that in the longer run BCRA will lower individual premiums significantly: "In 2020, average premiums for benchmark plans for single individuals would be about 30 percent lower than under current law".

The plan would cut taxes to save $541 billion for wealthy Americans, health insurance companies, pharmaceutical companies and medical device manufacturers over the 10-year window. Approximately 15 million people would lose health-care coverage within the first year of implementation alone, relative to current law, ensuring that any blowback would affect dozens of vulnerable Republican lawmakers up for re-election next year.

Supporters of the bill say that it promises to end the requirement that all Americans get health coverage or else pay a penalty.

"It makes me more concerned". Health and Human Services Secretary Tom Price said in an interview on Sunday that the CBO is "not accurate".

In the past, Johnson has cited high-risk coverage pools as a solution for people with pre-existing conditions.

Other reports by Insurance News

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