Breaking down the new CBO score on the House’s health care act
The new score out from the Congressional Budget Office on Wednesday projects that, if the new iteration of the bill becomes law, 23 million Americans who might otherwise be covered would lose their health insurance over the next decade. That dollar figure was a considerable change from the original version of the bill that CBO said would have saved $337 billion, but lawmakers made a decision to spend back some of those savings on help for those likely to be cut off from insurance.
“This assessment from the nonpartisan Congressional Budget Office proves that the bill passed by a party-line vote with no hearings will be unsafe and harmful”.
The GOP-controlled House refused to wait for the CBO’s analysis when they passed the bill on May 4; the Senate has not voted on its version.
Rather than an extra 24 million people it said would be without insurance by 2026 under the first proposal, the CBO dropped that estimate to 23 million.
Ryssdal: To the issue of consumers in this economy and the purchasing of health care, the whole thing with the Republicans in the House was, “We have to get the premiums down, we have to get people to be able to pay for the insurance that they want to buy”.
“The goal was to make sure we changed the laws in America so more Americans would have the protection of health insurance”. Republicans said the changes they were making to the bill would not hurt people with pre-existing conditions or their access to coverage. The amendments that narrowly got the bill passed threw a few billion dollars at states to cover people with preexisting conditions. The new bill will discourage unhealthy people to buy health insurance.
In states that accept AHCA’s waivers and let insurance companies charge people with pre-existing conditions more, premiums for low-income elderly Americans could jump as much as 800%.
“Services or benefits likely to be excluded from [essential health benefits] in some states include maternity care, mental health and substance abuse benefits, rehabilitative and habilitative services and pediatric dental benefits”, the report said.
Under current law, the CBO wrote, the markets will be “stable in most areas” because lower-income Americans buying individual insurance will be shielded from rising Obamacare premiums, thanks to subsidies. “This means many small firms would close up shop while others would never get off the ground”, said John Arensmeyer, founder of Small Business Majority, which represents 55,000 small businesses.
How proud they were that they played to their base by passing a bill, HR 1628, that would eviscerate Barack Obama’s signature domestic achievement, the Affordable Care Act.
The bill would also repeal almost all the taxes imposed in the ACA to pay for the new benefits, including taxes on wealthy individuals and much of the health industry.
The Democratic opposition, meanwhile, emphasized the negative consequences for people in light of the CBO analysis, focusing particularly on the loss of coverage for tens of millions of citizens. But whether the Senate succeeds or not, California’s final 14 congressional Republicans should have some explaining to do in November 2018.
Even before the report, many Republican senators were wary of the House version of the healthcare bill, saying it unraveled Obamacare too much and too quickly. The report, however, says that starting in 2020, “average premiums would depend in part on any waivers granted to states and on how those waivers were implemented and in part on what share of the funding available from the Patient and State Stability Fund was applied to premium reduction”.
The legislation now heads to the Senate, where lawmakers are expected to redraft significant portions of the bill to meet the chamber’s procedural rules.