UPDATED: The health-care bill that passed the House would leave 23 million more Americans uninsured
Source: The Washington Post
The health-care bill that passed the House would leave 23 million more Americans uninsured by 2026, CBO concludes
by Washington Post Staff May 24 at 4:40 PM
The congressional analysts latest projection of the bills significant impact on coverage, as well as the federal deficit, could complicate efforts in the Senate to move forward on legislation.
The new estimate, which reflects a series of last-minute revisions Republicans made in order to win over several conservative lawmakers and a handful of moderates, calculates that the American Health Care Act will reduce the federal deficit by $119 billion between 2017 and 2026.
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Read more: https://www.washingtonpost.com/news/post-politics/wp/2017/05/24/the-health-care-bill-that-passed-the-house-would-leave-23-million-more-americans-uninsured-by-2026-cbo-concludes/?utm_term=.19a1a57285ed
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H.R. 1628, American Health Care Act of 2017
May 24, 2017
Cost Estimate CBO and JCT estimate that enacting the American Health Care Act would reduce federal deficits by $119 billion over the coming decade and increase the number of people who are uninsured by 23 million in 2026 relative to current law.
Summary
CBO and the staff of the Joint Committee on Taxation (JCT) have completed an estimate of the direct spending and revenue effects of H.R. 1628, the American Health Care Act of 2017, as passed by the House of Representatives. CBO and JCT estimate that enacting that version of H.R. 1628 would reduce the cumulative federal deficit over the 2017-2026 period by $119 billion. That amount is $32 billion less than the estimated net savings for the version of H.R. 1628 that was posted on the website of the House Committee on Rules on March 22, 2017, incorporating managers amendments 4, 5, 24, and 25. (CBO issued a cost estimate for that earlier version of the legislation on March 23, 2017.)
In comparison with the estimates for the previous version of the act, under the House-passed act, the number of people with health insurance would, by CBO and JCTs estimates, be slightly higher and average premiums for insurance purchased individuallythat is, nongroup insurancewould be lower, in part because the insurance, on average, would pay for a smaller proportion of health care costs. In addition, the agencies expect that some people would use the tax credits authorized by the act to purchase policies that would not cover major medical risks and that are not counted as insurance in this cost estimate.
Effects on the Federal Budget
CBO and JCT estimate that, over the 2017-2026 period, enacting H.R. 1628 would reduce direct spending by $1,111 billion and reduce revenues by $992 billion, for a net reduction of $119 billion in the deficit over that period (see Table 1, at the end of this document). The provisions dealing with health insurance coverage would reduce the deficit, on net, by $783 billion; the noncoverage provisions would increase the deficit by $664 billion, mostly by reducing revenues.
The largest savings would come from reductions in outlays for Medicaid and from the replacement of the Affordable Care Acts (ACAs) subsidies for nongroup health insurance with new tax credits for nongroup health insurance (see figure below). Those savings would be partially offset by other changes in coverage provisionsspending for a new Patient and State Stability Fund, designed to reduce premiums, and a reduction in revenues from repealing penalties on employers who do not offer insurance and on people who do not purchase insurance. The largest increases in the deficit would come from repealing or modifying tax provisions in the ACA that are not directly related to health insurance coveragesuch as repealing a surtax on net investment income, repealing annual fees imposed on health insurers, and reducing the income threshold for determining the tax deduction for medical expenses.
more:
https://www.cbo.gov/publication/52752
sandensea
(21,624 posts)Trump University-style health care schemes, essentially.
Wellstone ruled
(34,661 posts)832 billion cut from Medicaid is how many more thrown off insurance. These are the elderly mostly white people living in Nursing Homes or have Hospice Care. Let's get real and that number will be in the tens of millions my friends.
dalton99a
(81,451 posts)hibbing
(10,096 posts)I've seen statistics that 63% of Medicare monies go to assisted living or nursing homes. What a frightening prospect for millions of people, me included. People save all their lives and then that money goes poof in the last few years of their life until they are broke and then Medicaid pays.
Oh, and don't forget about the billions and billions for increased "defense" spending.
Peace
Wellstone ruled
(34,661 posts)became available for Nursing Home Care or Hospice Care. Witnessed families filing Bankruptcy for Elder Care costs. Once the savings ran out,many people were just shipped home to die without Medical Care.
This is just plain unjust. If this Legislation is pasted,count on up to one to two million jobs disappear with in months.
TexasBushwhacker
(20,174 posts)Medicare will only cover temporary care in a nursing home. My mother was in a nursing home for a month for physical therapy following a 6 week hospital stay.
pnwmom
(108,976 posts)Wellstone ruled
(34,661 posts)easily 50 million and if the Red States do their thing,it will push that number closer to 60 million. 20% or more of the population.
brooklynite
(94,502 posts)yallerdawg
(16,104 posts)In 2026, an estimated 51 million people under age 65 would be uninsured, compared with 28 million who would lack insurance that year under current law.
https://www.cbo.gov/publication/52752
turbinetree
(24,695 posts)with more smoke and mirror's BS, when compared to other countries.
http://www.commonwealthfund.org/~/media/files/publications/fund-report/2015/jan/1802_mossialos_intl_profiles_2014_v7.pdf
Dopers_Greed
(2,640 posts)Any official that supports this turd should be dragged out of office
Bengus81
(6,931 posts)Trump wants to BLOW another 50-60B per year on toys for the Pentagon and BILLIONS more in tax cuts for Trump,Limbaugh,the Koch brothers and all of the Walton spawn.
GREAT plan Eddie Munster!!!!
briv1016
(1,570 posts)How long until Donald claim he expanded health insurance to a million people?