BREAKING NEWS: Congressional Budget Office says new GOP bill repealing Obama health law would reduce

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1. CBO finds 'millions' will lose coverage from repeal bill

The Congressional Budget Office (CBO) projected Monday that the last-ditch GOP ObamaCare repeal bill would result in "millions" of people losing coverage.

The agency did not give a specific number given a lack of time to do the analysis before a vote, but said the "direction of the effect is clear."

The bill also would reduce deficits by more than $133 billion over 10 years, the CBO found, clearing a hurdle in qualifying for special rules to avoid a filibuster.

CBO said the reduction in coverage would happen for three reasons: in Medicaid, because the bill repeals ObamaCare's expansion of Medicaid; in private coverage, because the bill repeals subsidies that help people afford it; and because the mandate to have coverage would be repealed.

The CBO finds that spending under the bill would be $230 billion less from 2020 to 2026 compared to ObamaCare.

The new block grants to states that the bill creates would help offset the coverage losses, but only partially, CBO found.

http://thehill.com/policy/healthcare/352341-cbo-finds-millions-uninsured-from-repeal-bill