UPDATED: The health-care bill that passed the House would leave 23 million more Americans uninsured

[DonViejo]

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 bill’s 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 manager’s 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 JCT’s estimates, be slightly higher and average premiums for insurance purchased individually—that is, nongroup insurance—would 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 Act’s (ACA’s) 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 provisions—spending 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 coverage—such 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]

1. Plus tens of millions more with scam insurance.

Trump University-style health care schemes, essentially.

[Wellstone ruled]

2. That is just the Enrollee portion.

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]

3. +1

[hibbing]

9. Medicare and Medicaid

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]

14. Do recall what it was like before Medicaid

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]

15. Medicaid pays for nursing homes

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]

4. Joel Benenson on MSNBC just said it would be 50 million by 2026. n/t

[Wellstone ruled]

5. Just back of the envolope math shows

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.

[dalton99a]

7. +1

[brooklynite]

6. So...we'll put the GOP down as a "maybe"?

[yallerdawg]

8. ACA or AHCA?

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]

10. So to make this short they still want to F us and give tax breaks

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]

11. Wow, this is a total albatross

Any official that supports this turd should be dragged out of office

[Bengus81]

12. Throw 23-50 MILLION off of the ACA to save 11.9B per year. Meanwhile.........

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]

13. The old score had 24 million people losing health insurance, the new one has 23 million.

How long until Donald claim he expanded health insurance to a million people?